Indonesia targets 1 billion USD in carbon trade at COP30
Minister of Environment Hanif Faisol Nurofiq said the Indonesian delegation hopes to sell 90 million tonnes of carbon credits from both nature-based and technology-driven sectors.
ASEAN advances climate priorities ahead of COP30
ASEAN’s joint statement emphasised the urgency of climate action, especially as Southeast Asia is considered one of the most vulnerable regions in the world. Ahead of COP30, ASEAN has set out five key priorities and is calling for a significant increase in financial resources, noting that the current target of mobilising 300 billion USD annually under the New Collective Quantified Goal (NCQG) still falls short of actual needs, which are estimated to reach 422 billion USD by 2030.