Jakarta, July 6 -- Indonesia's carbon trading economic value could reach around Rp5 trillion (approximately US$277.7 million) if managed properly, accountably, transparently, and with the public interest at its core, Forestry Minister Raja Juli Antoni said here on Monday.

Antoni explained the carbon trading scheme follows directives from Indonesia's President Prabowo Subianto, who has positioned public welfare as the primary focus of development.

"For this initial phase, there are already four carbon projects, consisting of three with Forest Utilization Business Permits (PBPH) and one social forestry project," he said at the handover event of the Minister of Forestry's approval for the carbon project and the inauguration of Indonesia's ...