During a press conference following the launch of Indonesia's international carbon trading here on Monday, he noted that this development is an important momentum in implementing carbon pricing, including enhancing its potential in the FOLU sector.
"The Ministry of Forestry is currently preparing a scheme that will hopefully boost interest in the carbon market," he remarked.
The ministry has consulted with the Financial Services Authority (OJK) to explore the possibilities for carbon trading based on emissions reductions in the FOLU sector.
Indonesia aims to achieve a net sink condition in its FOLU sector by 2030, meaning that carbon absorption will surpass emissions.
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Antoni noted that the launch of Indonesia's international carbon trading on Monday reflects the concrete effort of the government, aligning with Indonesia's pledges made during the 29th UN Climate Change Conference (COP29) held in Baku, Azerbaijan, in 2024.
On the same occasion, OJK Board of Commissioners Chair Mahendra Siregar explained that his agency is ready to support the steps taken by ministries and other agencies to implement carbon pricing through mechanisms such as carbon trading.
This initiative also encompasses emissions reductions from the FOLU sector that can be traded within the carbon market.
"It certainly has greater added value beyond the carbon emission reduction aspect," Siregar added.
Related news: Ministry plans to have forestry sector offset carbon emissions
Translator: Prisca Triferna, Raka Adji
Editor: Yuni Arisandy Sinaga
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