Indonesian government aims to start carbon trading this year, an environment ministry official told reporters on Thursday.
The draft of the regulation governing the carbon trade is expected to be submitted to President Joko Widodo for approval in March.
The regulation is expected to allow a few different schemes of carbon trade, said Ruandha Agung Sugardiman, director general of Climate Change Control at the ministry.
The rules will also stipulate how carbon credit will be priced. Sugardiman said carbon credits from forest preservation and from industrial emission cuts will be priced differently.
Indonesian government eyes potential carbon credit buyers from Norway, Denmark, Germany and international airlines operators, Sugardiman said.