Jakarta, July 2 -- Indonesia's carbon trading ecosystem is fully prepared for implementation to support sustainable economic growth, Forestry Minister Raja Juli Antoni stated.

"On the orders of President Prabowo Subianto, we are starting to improve our carbon trading ecosystem and can even implement it. God willing, we will be able to execute it," Antoni stated here on Thursday.

The ministry will issue ministerial approvals and facilitate the release of forestry carbon credits to three Forest Utilization Business Permit (PBPH) holders and one social forestry entity.

The initial rollout will cover a volume of approximately 31 million tons of CO equivalent (CO2 e). The total transaction value is estimated to reach Rp5 trillion (approxima...