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Indonesia's CarbonX to spend $136 million to cut emissions, save forests
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Part owner and commissioner of CarbonX Pandu Sjahrir aims to change all motorcycles in Indonesia into electric vehicles.
PHOTO: COURTESY OF CARBONX
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JAKARTA - An Indonesian carbon project developer that recently tied up with Singapore-based AirCarbon Exchange is aiming to spend US$100 million (S$136 million) over the next two years to replant mangroves, reduce deforestation and work with villages to cut greenhouse gas emissions.
The idea is to invest in a number of nature-based projects that will improve the environment and soak up carbon dioxide (CO2) from the air, while earning a return.
