Indonesia’s fight for the environment

Hot mess: Smoke rising from fires set in forests and on carbon-rich peatlands in Indonesia to clear land for oil palm and pulpwood plantations. — AFP

Jakarta: Indonesia is one step closer to implementing a carbon-pricing scheme within the domestic market as part of efforts to achieve its emission-reduction targets following the launch of a public service agency (BLU) tasked with managing funds related to environmental protection and conservation.

The BLU is expected to be more flexible in managing environmental funds from domestic and international sources as well as disbursing them for pro-environment initiatives.