Indonesia may let palm oil growers collect carbon credits
JAKARTA Aug 9 (Reuters)
Indonesia may propose palm oil plantations be eligible to earn carbon credits under a U.N.-backed scheme aimed at preserving forests, a forestry ministry official said on Monday.
Such a move could potentially create a new line of revenue for the palm oil industry and listed firms like Wilmar and PT Astra Agro Lestari, but is likely to anger green groups who accuse planters of deforestation.
Indonesia was the first country to develop a national framework for a U.N-backed forest preservation scheme called reducing emissions from deforestation and degradation (REDD).