Indonesia's Prabowo plans US$65b green fund from selling carbon credits
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Indonesia's President-elect Prabowo Subianto aims to create a green economy fund by selling carbon credits from projects like rainforest preservation, targeting US$65 billion by 2028; a new carbon emissions regulator will be established to oversee these efforts; the fund aims to reach 1,000 trillion rupiah by 2028; challenges include competition in global carbon markets and ensuring project credibility; Christina Ng from the Energy Shift Institute highlights ambitious financial and operational targets; the incoming government plans to provide seed capital and promote projects internationally; carbon credit prices range from US$5 to US$50 per metric tonne, complicating the fund's target; Indonesia's deforestation rate has declined, but forest fires remain a concern; road shows will be held to attract international investment.
#Indonesia #PrabowoSubianto #GreenFund #CarbonCredits #Emissions #ParisAgreement #Deforestation #ClimatePolicy #Investment #Sustainability
https://theedgemalaysia.com/node/726736
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