The World Bank estimates that if the world put a monetary value on the Carbon stored in trees, Indonesia could earn up to $2 billion a year by selling Carbon Credits.
Indonesia is getting ready for an international plan known as Reducing Emissions from Deforestation and Degradation (REDD).
Last year, President Susilo Bambang Yudoyono (SBY) has promised world leaders that Indonesia shall reduce Carbon Gas Emission by 2020 i.e 26% if we do it by ourselves, or 41% if helped by other countries.
On 26 May 2010, Norway and Indonesia has signed a US$ One Billion deal aimed at reducing Deforestation, in return Indonesia shall suspend new concession on conversion of natural forest and peat land into plantations for two years.
There are several pilot projects throughout the country, and earlier this year the Russian company Gazprom bought the first carbon credits from a REDD project.
Considering that President SBY will end his second presidential term by 2014, I hope that his successors will fulfill all the commitments that have been made.
- Indonesia Hopes to Sell Carbon Credits for Its Forests (VOANews)
- Norway and Indonesia sign US$ 1 billion forrest deal (REDD Monitor)
Photo : Courtesy of VOA News