Indonesia’s President Prabowo Subianto has signed a new decree allowing the resumption of international carbon emission trading, ending a four-year suspension, according to a decree issued on Wednesday.

The Southeast Asian country issued carbon market rules in 2021 that focused on compliance carbon markets rather than transactions in voluntary markets.

The rule effectively put an end to all cross-border carbon emission credit trading, including those generated from big projects like the Katingan Mentaya conservation project.

Indonesia said the moratorium allowed the country to give priority to meeting its own greenhouse gas reduction targets rather than sell the reductions overseas.

The suspension also came amid concerns that the price of carbon was too low, and selling countries w

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