Indonesia Secures Carbon Market Agreement with Norway at COP31

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This strategic step provides alternative financing outside the state budget to accelerate the achievement of national emission reduction targets.

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JPNN.com - The Republic of Indonesia agreed to its first carbon trading contract with Norway at the UN Climate Change Conference COP31 in Antalya, Türkiye.

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Indonesia and Norway have agreed to trade 12 million tonnes of CO2 equivalent through PLN's clean energy project until 2038.

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Indonesia agreed to its first carbon trading contract with Norway at the COP31 UN Climate Change Conference in Antalya, Türkiye, on Wednesday. The agreement...

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As part of the cooperation, Norway will also purchase carbon emission reductions resulting from mitigation projects in Indonesia, which amount to 12 million CO2e.