Article

At COP30 in Brazil, Indonesia's attempt to secure US$960 million from carbon credits fell short, obtaining only US$2.75 million, highlighting significant flaws in its carbon credit strategy. Analysts criticized the country's climate commitments as "critically insufficient," pointing to unresolved issues regarding integrity and compliance, while indigenous communities remain excluded from carbon finance. To improve its carbon market, Indonesia must strengthen regulatory frameworks and enhance its Nationally Determined Contribution.