Indonesia's president launches carbon emissions trading


Indonesian President Joko Widodo - Reuters

JAKARTA: Indonesian President Joko Widodo on Tuesday launched his country's first carbon emission trading, with the aim of creating a market to fund efforts to reduce greenhouse gas emissions and become a major player in global carbon trade.

Indonesia, an archipelago home to the world's third largest area of rainforest, is also one of the world's top greenhouse gas emitters. The Southeast Asian country has set a target of reaching carbon neutrality by 2060.

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