Key messages
- REDD+ projects in Indonesia are commercial ‘heavyweights’ in global voluntary carbon markets and among the largest suppliers of carbon offset credits in the world despite only a few of them operating in such markets.
- REDD+ projects employ diverse approaches to secure financing (ranging from direct carbon offset sales to donor aid and donations). They offer a range of activities to achieve their conservation and rural development objectives, mostly tailored to local contexts.
- Legislation to support a domestic carbon market already exists (and continues to emerge). It will be crucial to ensure the market is designed in a way that maximizes benefits for all stakeholders, and ensures REDD+ projects continue to play a key role in mitigating climate change.
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DOI:
https://doi.org/10.17528/cifor-icraf/008867Altmetric score:
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Publication year
2023
Authors
Nofyanza, S.; Dwisatrio, B.; Atmadja, S.; Moeliono, M.; Pham, T.T.
Language
English
Keywords
carbon, markets, climate change, governance, research, finance
Geographic
Indonesia
