Brind.
  1. Norway-Indonesia climate cooperation ahead of COP31
  2. Norway and Indonesia are cooperating on climate issues, leading up to COP31 in Antalya, with Suhendar involved as Director General of Indonesian Foreign Ministry.

Norway to Buy 12 Million Tons of Carbon Credits from Indonesia's PLN

2 reports, 1 independent Updated Wed 00:00
Still developing Reached 2 outlets in its first 24 hours
Reports
2
Developments
1
Repetition
50%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Norway agreed to purchase up to 12 million metric tons of carbon credits from Perusahaan Listrik Negara. These credits were generated by solar power projects developed by the state-owned utility. The deal, signed during the UNFCCC meeting in Turkey, values the credits between $20 and $40 per ton of CO2e.

From 933thedrive.com

Why it matters

Some supportBrind's analysis of the reports

The agreement provides Indonesia with a sustainable financing mechanism for its energy transition under Article 6.2 of the Paris Agreement. This framework allows nations with surplus emissions reductions to transfer them to countries seeking to meet their own climate targets.

Norway and Indonesia are cooperating on climate issues leading up to COP31 in Antalya.

From 933thedrive.com

Who's involved

  • NorwayCountry agreeing to purchase the carbon credits.
  • IndonesiaIsland country whose utility is generating the carbon credits.
  • Perusahaan Listrik NegaraState-owned utility company of Indonesia generating the credits.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Perusahaan Listrik NegaraSpeculative

    Perusahaan Listrik Negara could see a direct revenue increase from selling carbon credits to Norway.

  • IndonesiaSpeculative

    Indonesia may secure major international climate finance for its energy transition.

  • PT PLN Indonesia PowerSpeculative

    PT PLN Indonesia Power might benefit from increased valuation and green financing of PLN's solar assets.

  • PT PLN Nusantara PowerSpeculative

    PT PLN Nusantara Power might benefit from increased valuation and green financing of PLN's solar assets.

Keep exploring

Part of

Norway and Indonesia are cooperating on climate issues, leading up to COP31 in Antalya, with Suhendar involved as Director General of Indonesian Foreign Ministry. All 2 developments

Within Norway-Indonesia climate cooperation ahead of COP31

The entities involved

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Coverage

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