Indonesia plans $65b green fund from selling carbon credits by 2028

Indonesia plans $65b green fund from selling carbon credits by 2028

FILE PHOTO: Nizam, 6, carrying a mangrove sapling takes part in mangrove planting, marking World Environment Day, at Mangrove Park Lampulo in Banda Aceh, Indonesia, June 5, 2024. REUTERS/ Riska Munawarah/File Photo

Indonesia’s President-elect Prabowo Subianto plans to launch a green economy fund by selling carbon emission credits from projects such as rainforest preservation, aiming to raise $65 billion by 2028, an adviser told Reuters.