Indonesia Aims to Restore 3.3M Hectares of Peatlands, Seeks UN Carbon Credit Recognition
Indonesia is intensifying its peatland restoration initiatives, aiming to revitalize 3.3 million hectares. The government is pursuing international acknowledgment for carbon credits generated from these projects, urging businesses to back the endeavor.
Indonesia's peatlands, which hold five to ten times more carbon than terrestrial forests, contain between 55 and 56 gigatons of carbon dioxide equivalent (CO2e). The government's Independent Peatland Care Village (DMPG) program engages residents in 2,354 villages, empowering local communities in restoration efforts within buffer zones. Meanwhile, the state manages restoration outside concession areas.
Businesses involved in these rehabilitation projects may gain recognition and emissions certificates. Indonesia is seeking UN recognition for these carbon credits, with Environment Minister Hanif Faisol Nurofiq calling on businesses to support this drive. The government sees potential in monetizing emission reductions from peat-rich areas, with businesses supporting empowerment efforts in buffer zones.
Indonesia's ambitious peatland restoration project, if successful, could substantially reduce greenhouse gas emissions. With international recognition, businesses involved could receive emissions certificates, offering a financial incentive for their participation.
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