Climate activists urge Indonesia to ensure that the global carbon market does not undermine genuine greenhouse gas emission reduction efforts ahead of the 28th United Nations Climate Change Conference (COP28) in Dubai.
Leonard Simanjuntak, the manager of Greenpeace Indonesia, recently warned that the country needs to be cautious in establishing a carbon market to prevent carbon credits from becoming a greenwashing tool for companies to avoid emissions reduction.
One carbon market mechanism allows companies to offset their emissions by purchasing carbon credits from other companies engaged in emission reduction or carbon sequestration projects. However, this mechanism has been criticized for its unfairness, as companies can buy carbon credits without reducing their own emissions.
