Indonesia Sets a Legal Framework for Carbon Trading
The carbon economy went from being seen as the best answer to our global environment crisis to a distant memory of a good idea, which would probably never come to fruition.
However, "Indonesia last year became the first country to launch a legal framework for a UN-backed scheme called Reducing Emissions from Deforestation and Degradation, allowing polluters to earn tradable carbon credits by paying developing nations not to chop down their trees."
This could be the beginning of a global carbon trading scheme now that Indonesia is showing the way towards creating the necessary legal framework around it.
"Both as a large nation in G20 and one of leading force within ASEAN, Indonesia move should spur further actions by other similar economies, first of all within ASEAN."
Sources:NISTPASS Science and Technology Scanning: Asia Pacific (pg. 3):