Indonesia, WEF Team Up for Blue Carbon Project
The World Economic Forum (WEF) signed a new partnership with the Government of Indonesia to support its ambition to scale up blue carbon recovery and marine conservation efforts. The partnership is the first in a series of activities initiated by WEF's Ocean Action Agenda to help meet the rapidly growing demand for high-quality blue carbon credits and projects worldwide and connect global blue carbon business players from different sectors.
"Indonesia is pleased to partner with WEF. We have the world's largest and most diverse mangrove forests and are committed to rehabilitating 600,000 hectares of mangrove forests by 2024. Creating a partnership between Indonesia and WEF to work on blue carbon will greatly help accelerate our efforts for climate action," Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan said, as quoted by Miragenews.com.