January 16, 2020 / 8:03 AM / 2 days ago

Indonesia aims to start carbon trading in 2020

JAKARTA, Jan 16 (Reuters) -

* Indonesian government aims to start carbon trading this year, an environment ministry official told reporters on Thursday

* The draft of the regulation governing the carbon trade is expected to be submitted to President Joko Widodo for approval in March

* The regulation is expected to allow a few different schemes of carbon trade, said Ruandha Agung Sugardiman, director general of Climate Change Control at the ministry

* The rules will also stipulate how carbon credit will be priced. Sugardiman said carbon credits from forest preservation and from industrial emission cuts will be priced differently

* Indonesian government eyes potential carbon credit buyers from Norway, Denmark, Germany and international airlines operators, Sugardiman said

Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Christian Schmollinger

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