Indonesia Starts Fund for Carbon Trading to Meet Emission Goals
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Indonesia plans to develop a market for carbon trading under a new agency formed to fund efforts to meet greenhouse gas emission reduction target under the Paris climate pact.
The Environment Fund Agency will have an initial capital of 2.1 trillion rupiah ($148 million) and will be supervised by the finance ministry, Environment and Forestry Minister Siti Nurbaya Bakar told reporters in Jakarta on Wednesday.