Jakarta, Dec. 10 -- Indonesia has begun exploring the potential of carbon trading since some 75-80 percent of the global carbon credit is derived from its forests, mangroves, peatlands, seaweed, and coral reefs.

"We do not know the exact figure, probably between US$82 billion and US$100 billion per year. These figures hold huge potential that can be utilized by the government," Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan noted in Jakarta on Tuesday.

To this end, the Environment and Forestry Ministry is currently developing a format that enables Indonesia to sell its carbon credit to boost state revenue.

"We have seven world conservation areas, including Komodo Island and Way Kambas. We are keen to manage these ar...