Library of Congress

Law Library of Congress

The Library of Congress > Law Library > News & Events > Global Legal Monitor

Australia; Indonesia: Carbon Trading Agreement

(July 2, 2008) On <?June 13, 2008, Australia and Indonesia signed a new Indonesia – Australia Forest Carbon Partnership to support emerging forest-carbon trading initiatives. According to a press release, the Partnership is intended to assist in the areas of:

  • policy development and capacity building to support participation in international negotiations and future carbon markets;
  • technical support for Indonesia to develop its national forest carbon accounting and monitoring system; and
  • the further development of demonstration activities, and the provision of related enabling assistance, to trial approaches to reducing emissions from deforestation and forest degradation.

(Press Release, Hon. Kevin Rudd, Australian Prime Minister, Australia – Indonesia Joint Leaders' Statement on Climate Change, with the President of the Republic of Indonesia (June 13, 2008), available at http://www.pm.gov.au/media/Release/2008/media_release_0315.cfm#carbon.)