Indonesia's President-elect Prabowo Subianto plans to create a $65B green economy fund by 2028 through carbon credit sales, aiming for net carbon neutrality by 2060.

Indonesia's President-elect Prabowo Subianto aims to establish a $65 billion green economy fund by 2028 through the sale of carbon emission credits from projects like rainforest preservation and reforestation. A new regulatory body will oversee these efforts to meet Indonesia's Paris Agreement emissions targets. The fund seeks to help Indonesia, a major emitter, achieve net carbon neutrality by 2060, but faces challenges in global carbon markets.

September 13, 2024
19 Articles