Jakarta (ANTARA) – Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar believes that Indonesia has huge potential to reduce carbon emissions not only nationally but also globally.Indonesia’s contribution globally can be assessed from the potential success of the carbon trading ecosystem. “I see (the potential),” Siregar stated at the “National Seminar on Reducing Greenhouse Gas Emissions and Carbon Trading Opportunities in Indonesia” that was monitored virtually here on Monday. “We are all calculating globally, and if Indonesia does not succeed in carrying out these (carbon trading), then we cannot be too optimistic that the world will succeed, because in other places, we will not find as much potential as in Indonesia in reducing carbon emissions,” he further remarked. part from the potential success of the carbon trading ecosystem on the Carbon Exchange, Siregar drew attention to three other steps that Indonesia can take to become a major player in reducing carbon emissions in the world. The first is peat restoration that is being carried out in East Tanjung Jabung, Jambi, and can be reused as agricultural land. He called for the need for wider expansion of the program in various regions of Indonesia as a commitment to Nationally Determined Contribution (NDC). Second, the government and stakeholders must work together to improve the socio-economic welfare of the community, as it is also part of the Sustainable Development Goals (SDGs). “This is the basis of what is called the Triple Bottom Line of sustainable development, increasing social welfare, growing economic development, and maintaining and developing the environment, including its green aspects,” Siregar noted.

Source: Antara News Agency