Indonesian companies chase green gold mine
Adianto P. Simamora, The Jakarta Post, Jakarta
More Indonesian companies are getting involved in greening projects to tap into the massive financial potential of the emerging global carbon trading business.
As of this month, the government has approved 13 carbon trading projects, exceeding this year's target of 10 projects.
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The CER allows carbon trading with 38 industrialized nations who have committed to cutting their greenhouse gas emissions to 5.2 percent lower than 1990 levels. A ton of reduced CO2 is currently priced at between US$5 and $10.
The Word Bank has valued global carbon trades at less than $1 billion in 2004, $11 billion in 2005 and over $30 billion last year.
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