Norway to Buy Indonesian Carbon Offsets
Norway has agreed to purchase up to twelve million metric tons of carbon credits from Indonesian solar power projects. The deal was signed during the COP31 climate meeting to support sustainable energy financing.
Norway will buy up to 12 million metric tons of carbon credits from Indonesia in a deal valued at between $20 and $40 per ton. The agreement was signed on the sidelines of the UN climate meeting in Turkey on Thursday. The pact provides sustainable financing for Indonesia's energy transition under Article 6.2 of the Paris Agreement.
