Verra to issue first forestry carbon credits under Indonesia’s new carbon market rules

Verra is preparing to issue the first carbon credits under Indonesia’s newly implemented carbon market regulations after three forestry projects secured government approval to participate in international carbon trading.

The three projects—the Katingan Peatland Restoration and Conservation Project, the Sumatra Merang Peatland Project (SMPP), and The Mayas Project—are expected to receive at least 20 million tonnes of CO₂ equivalent (tCO₂e) in verified emission reductions across their respective verification periods.

The issuance follows Indonesia’s implementation of a new regulatory framework requiring forestry carbon projects to obtain approval from the Ministry of Forestry before international carbon credits can be issued.  …..Click here to read the full article