In November 2025, the Governments of Indonesia and Norway agreed that Indonesia would sell 12 million tons of CO₂e in emission mitigation outcomes from its renewable energy projects to Norway. This agreement was initiated through the signing of a Framework Agreement, or a foundational deal, which will serve as the basis for the execution of the purchase contract.
What is the impact of this agreement on renewable energy (EBT) companies in Indonesia? Will this government initiative benefit renewable energy companies?
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