Trump wins White House in historic victory

Trump wins White House in historic victory
The victory marks an extraordinary comeback for a former president who refused to accept defeat four years ago. (AFP)
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Updated 06 November 2024
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Trump wins White House in historic victory

Trump wins White House in historic victory
  • The victory marks an extraordinary comeback for a former president who refused to accept defeat four years ago
  • He is the first person convicted of a felony to win the White House and the first former president to regain power since 1892

WASHINGTON: Donald Trump was elected the 47th president of the United States on Wednesday, an extraordinary comeback for a former president who refused to accept defeat four years ago, sparked a violent insurrection at the US Capitol, was convicted of felony charges and survived two assassination attempts.
With a win in Wisconsin, Trump cleared the 270 electoral votes needed to clinch the presidency.
The victory validates his bare-knuckle approach to politics. He attacked his Democratic rival, Kamala Harris, in deeply personal – often misogynistic and racist – terms as he pushed an apocalyptic picture of a country overrun by violent migrants. The coarse rhetoric, paired with an image of hypermasculinity, resonated with angry voters – particularly men – in a deeply polarized nation.
As president, he’s vowed to pursue an agenda centered on dramatically reshaping the federal government and pursuing retribution against his perceived enemies. Speaking to his supporters Wednesday morning, Trump claimed he had won “an unprecedented and powerful mandate.”
The results cap a historically tumultuous and competitive election season that included two assassination attempts targeting Trump and a shift to a new Democratic nominee just a month before the party’s convention. Trump will inherit a range of challenges when he assumes office on Jan. 20, including heightened political polarization and global crises that are testing America’s influence abroad.
His win against Harris, the first woman of color to lead a major party ticket, marks the second time he has defeated a female rival in a general election. Harris, the current vice president, rose to the top of the ticket after President Joe Biden exited the race amid alarm about his advanced age. Despite an initial surge of energy around her campaign, she struggled during a compressed timeline to convince disillusioned voters that she represented a break from an unpopular administration.
Trump is the first former president to return to power since Grover Cleveland regained the White House in the 1892 election. He is the first person convicted of a felony to be elected president and, at 78, is the oldest person elected to the office. His vice president, 40-year-old Ohio Sen. JD Vance, will become the highest-ranking member of the millennial generation in the US government.
There will be far fewer checks on Trump when he returns to the White House. He has plans to swiftly enact a sweeping agenda that would transform nearly every aspect of American government. His GOP critics in Congress have largely been defeated or retired. Federal courts are now filled with judges he appointed. The US Supreme Court, which includes three Trump-appointed justices, issued a ruling earlier this year affording presidents broad immunity from prosecution.
Trump’s language and behavior during the campaign sparked growing warnings from Democrats and some Republicans about shocks to democracy that his return to power would bring. He repeatedly praised strongman leaders, warned that he would deploy the military to target political opponents he labeled the “enemy from within,” threatened to take action against news organizations for unfavorable coverage and suggested suspending the Constitution.
Some who served in his first White House, including Vice President Mike Pence and John Kelly, Trump’s longest-serving chief of staff, either declined to endorse him or issued dire public warnings about his return to the presidency.
While Harris focused much of her initial message around themes of joy, Trump channeled a powerful sense of anger and resentment among voters.
He seized on frustrations over high prices and fears about crime and migrants who illegally entered the country on Biden’s watch. He also highlighted wars in the Middle East and Russia’s invasion of Ukraine to cast Democrats as presiding over – and encouraging – a world in chaos.
It was a formula Trump perfected in 2016, when he cast himself as the only person who could fix the country’s problems, often borrowing language from dictators.
“In 2016, I declared I am your voice. Today I add: I am your warrior. I am your justice. And for those who have been wronged and betrayed, I am your retribution,” he said in March 2023.
This campaign often veered into the absurd, with Trump amplifying bizarre and disproven rumors that migrants were stealing and eating pet cats and dogs in an Ohio town. At one point, he kicked off a rally with a detailed story about the legendary golfer Arnold Palmer in which he praised his genitalia.
But perhaps the defining moment came in July when a gunman opened fire at a Trump rally in Butler, Pennsylvania. A bullet grazed Trump’s ear and killed one of his supporters. His face streaked with blood, Trump stood and raised his fist in the air, shouting “Fight! Fight! Fight!” Weeks later, a second assassination attempt was thwarted after a Secret Service agent spotted the barrel of a gun poking through the greenery while Trump was playing golf.
Trump’s return to the White House seemed unlikely when he left Washington in early 2021 as a diminished figure whose lies about his defeat sparked a violent insurrection at the US Capitol. He was so isolated at the time that few outside of his family bothered to attend the send-off he organized for himself at Andrews Air Force Base, complete with a 21-gun salute.
Democrats who controlled the US House quickly impeached him for his role in the insurrection, making him the only president to be impeached twice. He was acquitted by the US Senate, where many Republicans argued that he no longer posed a threat because he had left office.
But from his Mar-a-Lago resort in Florida, Trump – aided by some elected Republicans – worked to maintain his political relevance. Rep. Kevin McCarthy, the California Republican who at the time led his party in the US House, visited Trump soon after he left office, essentially validating his continued role in the party.
As the 2022 midterm election approached, Trump used the power of his endorsement to assert himself as the unquestioned leader of the party. His preferred candidates almost always won their primaries, but some went on to defeat in elections that Republicans viewed as within their grasp. Those disappointing results were driven in part by a backlash to the US Supreme Court ruling that revoked a woman’s constitutional right to an abortion, a decision that was aided by Trump-appointed justices. The midterm election prompted questions within the GOP about whether Trump should remain the party’s leader.
But if Trump’s future was in doubt, that changed in 2023 when he faced a wave of state and federal indictments for his role in the insurrection, his handling of classified information and election interference. He used the charges to portray himself as the victim of an overreaching government, an argument that resonated with a GOP base that was increasingly skeptical – if not outright hostile – to institutions and established power structures.
Florida Gov. Ron DeSantis, who challenged Trump for the Republican nomination, lamented that the indictments “sucked out all the oxygen” from this year’s GOP primary. Trump easily captured his party’s nomination without ever participating in a debate against DeSantis or other GOP candidates.
With Trump dominating the Republican contest, a New York jury found him guilty in May of 34 felony charges in a scheme to illegally influence the 2016 election through a hush money payment to a porn actor who said the two had sex. He faces sentencing later this month, though his victory poses serious questions about whether he will ever face punishment.
He has also been found liable in two other New York civil cases: one for inflating his assets and another for sexually abusing advice columnist E. Jean Carroll in 1996.
Trump is subject to additional criminal charges in an election-interference case in Georgia that has become bogged down. On the federal level, he’s been indicted for his role in trying to overturn the results of the 2020 election and improperly handling classified material. When he becomes president on Jan. 20, Trump could appoint an attorney general who would erase the federal charges.
As he prepares to return to the White House, Trump has vowed to swiftly enact a radical agenda that would transform nearly every aspect of American government. That includes plans to launch the largest deportation effort in the nation’s history, to use the Justice Department to punish his enemies, to dramatically expand the use of tariffs and to again pursue a zero-sum approach to foreign policy that threatens to upend longstanding foreign alliances, including the NATO pact.
When he arrived in Washington 2017, Trump knew little about the levers of federal power. His agenda was stymied by Congress and the courts, as well as senior staff members who took it upon themselves to serve as guardrails.
This time, Trump has said he would surround himself with loyalists who will enact his agenda, no questions asked, and who will arrive with hundreds of draft executive orders, legislative proposals and in-depth policy papers in hand.


McCullum sees India series as ideal prep for Champions Trophy in Pakistan

McCullum sees India series as ideal prep for Champions Trophy in Pakistan
Updated 5 sec ago
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McCullum sees India series as ideal prep for Champions Trophy in Pakistan

McCullum sees India series as ideal prep for Champions Trophy in Pakistan
  • The tourists, led by Jos Buttler, will face India in the first of five T20 internationals in Kolkata on Wednesday
  • India series marks England’s first limited-overs tour under coach McCullum, previously in charge only of Test side

KOLKATA: England coach Brendon McCullum said Monday he hopes his side emerge from a host of limited overs matches against India in “good shape” for the upcoming Champions Trophy.
The tourists, led by Jos Buttler, will face India in the first of five T20 internationals at Kolkata’s Eden Gardens on Wednesday.
The India series marks England’s first limited-overs tour under McCullum, previously in charge only of the Test side.
“I’m desperate for us to play a really watchable brand of cricket,” McCullum told reporters. “With the talent we have, there’s no reason we can’t.”
The teams will play three one-day matches, before they move into the eight-team ODI Champions Trophy starting February 19 in Pakistan and Dubai.
“We’ll use the next few weeks to try and hit the ground running, I’m sure there will be some times where we don’t quite get it right,” he added.
“But, hopefully, we will chisel away at that over the next few weeks, and we’ll be in good shape come that Champions Trophy.”
The 43-year-old McCullum said Buttler, who will only play as a batsman and not keep wicket on the tour, will leave a lasting legacy as England’s white-ball leader.
“He’s in a really good space, he’s excited about the team we’ve got, and excited about the opportunity that sits in front of us,” the former New Zealand skipper said.
“I’m sure we’ll see Jos over the next couple of years really enjoy himself, and hopefully finish with a real strong enjoyment for the game at the back end of his career.”
But India, led by Suryakumar Yadav, remain the favorites on home turf — and have been boosted by the return of fast bowler Mohammed Shami after he recovered from a foot injury.
Shami, 34, last played for India in the ODI World Cup final in November 2023 and recently participated in a few domestic matches to mark his return to competitive cricket.
“It’s a really good sign for us,” India’s T20 vice-captain Axar Patel said. “We hope he continues what he did in the World Cup.”


What Donald Trump’s return to the White House means for the Middle East

What Donald Trump’s return to the White House means for the Middle East
Updated 4 min 39 sec ago
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What Donald Trump’s return to the White House means for the Middle East

What Donald Trump’s return to the White House means for the Middle East
  • Trump’s inauguration is expected to usher in a new era of US engagement with the region, with major implications for Palestine and Iran
  • New administration has signaled a desire to expand the Abraham Accords, pursue normalization, and resume maximum pressure on Tehran

LONDON: On Monday, the 47th president of the US will be sworn in at a ceremony at the US Capitol in Washington D.C., marking perhaps the greatest political comeback in American history.

For the Middle East, the second inauguration of Donald Trump is expected to usher in a new era of US engagement, overseen by an instinctively disruptive president who is as hard to read as he is transactional.

If any evidence was needed that the incoming administration is eager to wield its influence in the region, it came on January 15, when the outgoing president announced the long-awaited Israel-Hamas ceasefire-for-hostages deal had finally been agreed.

For the now former president, Joe Biden, announcing the breakthrough “after eight months of nonstop negotiation by my administration,” it should have been a triumphant, legacy-defining moment. Instead, he was blindsided by the first question hurled at him by the media.

“Who will the history books credit for this, Mr. President?” a reporter called out. “You or Trump?”

Biden, clearly shocked, paused before replying: “Is that a joke?”

But it wasn’t a joke. The only thing that had changed about the ceasefire deal that his administration had been pushing for since May last year was that Israeli Prime Minister Benjamin Netanyahu had finally agreed to it.

And the only thing that had changed for Netanyahu was that the man he sees as his friend and most important ally was about to return to office.

For Netanyahu, this seemed the right moment to present Trump with a gift — vindication of the new president’s boast that he would end the war as soon as he took office.

Trump even dispatched Steve Witkoff, his newly appointed envoy to the Middle East, to join Biden’s man, Brett McGurk, for the last 96 hours of talks in Doha, to ensure that the incoming US administration had its mark on the deal.

The appointment of Witkoff came as a surprise to many, as he does not have a diplomatic background. Witkoff does, however, have a reputation as a formidable dealmaker, which fits with Trump’s fondness for transactional foreign policy.

But quite what deal Witkoff might have offered Netanyahu on Trump’s behalf remains to be seen.

“The ceasefire in Gaza is something Trump has claimed credit for, which is unclear. But we shouldn’t think his arrival is good news,” said Kelly Petillo, MENA program manager for the European Council on Foreign Relations.

“We have no idea what Trump has in mind for day-after plans in Gaza. And we don’t know what Trump and his Middle East envoy have promised to Netanyahu in return for him accepting to move forward with the ceasefire.

“We don’t even know if the ceasefire will hold until the next, second phase. The ceasefire does not involve the release of all the hostages and Trump has declared he will ‘unleash hell’ if not all of them are released.”

Unlike Biden, said Ahron Bregman, a former Israeli soldier and senior teaching fellow in the Department of War Studies at King’s College London, “Trump is not someone Netanyahu can easily ignore.

“Even before Trump assumed office, he pressed Netanyahu to strike a deal with Hamas. As a result, Netanyahu surprisingly showed a willingness to concede assets — such as the Philadelphi route — which he had previously deemed critical to Israeli security.”

When the ceasefire deal was announced, Trump wasted no time taking to Truth Social to tell his 8.5 million followers: “This EPIC ceasefire agreement could have only happened as a result of our Historic Victory in November, as it signaled to the entire World that my Administration would seek Peace and negotiate deals to ensure the safety of all Americans, and our Allies.”

Itamar Rabinovich, a former Israeli ambassador to the US, anticipates a gear change in US relations with the region.

“I expect greater involvement in the Middle East by the Trump administration,” said Rabinovich, professor emeritus of Middle Eastern history at Tel Aviv University.

“In the Arab-Israeli context (there will be a) continuation of the effort to end the war in Gaza and possibly to move on to a more ambitious effort to resolve the larger Israeli-Palestinian conflict.”

However, Trump’s natural affinity with Israel, expressed most keenly through the Abraham Accords, to which he is expected to return with renewed energy, does not bode well for the Palestinian cause. Neither do some of the appointments to Trump’s top team.

His appointment of former Arkansas governor Mike Huckabee as ambassador to Israel indicates that any “resolution” of the Israeli-Palestinian conflict favored by the incoming US administration will favor Israel, at Palestine’s expense.

Huckabee, an evangelical Christian with deep, biblically inspired connections to Israel, a country he has visited more than 100 times since 1973, is an open opponent of Palestinian sovereignty.

He is an ardent supporter of settlements, stating during a 2017 visit to Israel that “there’s no such thing as a settlement — they’re communities, they’re neighborhoods, they’re cities. There’s no such thing as an occupation.” He has also said “there’s really no such thing as a Palestinian.”

Trump’s new Secretary of State, Marco Rubio, is another staunch ally of Israel who has called for a clampdown on pro-Palestinian protesters in the US and condemned “the poison” of the boycott, divestment, and sanctions movement. He has also said there should be no ceasefire in Gaza until Israel has destroyed “every element” of Hamas.

The nomination of pro-Israel Congresswoman Elise Stefanik as ambassador to the UN bodes ill for attempts to pursue Palestinian sovereignty through the UN General Assembly.

Last May, on one of many trips she has made to Israel, she addressed members of the Knesset, “in your eternal capital, the holy city of Jerusalem,” declaring herself “a lifelong admirer, supporter, and true friend of Israel and the Jewish people.”

In the wake of Trump’s scene-stealing intervention in the Gaza ceasefire deal, all eyes in the region will be on his wider agenda for the Middle East. At the top of that agenda is Iran. How that plays out could have serious repercussions for Tehran’s neighbors.

Around that, said Petillo, “there is huge unpredictability. Trump is highly unpredictable and likes to remain that way. But we also know that much of what he will do depends on who whispers in his ear at the right time before he is making a decision.

“There are different people in his administration that might push him to go either in the most destructive direction — for instance seeking other maximum pressure style policies to support Israel and address their security concerns vis-a-vis Iran — and others who want to end US involvement in the region and are in favor of deals.”

But any chance that the Iran nuclear deal will be reinstated surely evaporated with Trump’s re-election. It was, after all, Trump who unilaterally withdrew America from the deal in 2018, instituting new sanctions. He has signalled his intention to return to a policy of “maximum pressure.”

“More widely on Israel-Palestine, Trump will likely pick up where he left off — the Abraham Accords, which he deems a success and which have largely held so far despite rifts caused by the war in Gaza,” said Petillo.

“The big prize of course is a Saudi deal — and I think this will impact whether he will do another round of maximum pressure on Iran as he said he would.”

Saudi Arabia has made clear that any move toward normalization of relations with Israel would be dependent on clear steps towards Palestinian sovereignty.

In September, Crown Prince Mohammed bin Salman said the Kingdom “will not stop its tireless work towards the establishment of an independent Palestinian state with East Jerusalem as its capital, and we affirm that the Kingdom will not establish diplomatic relations with Israel without that.”

Shortly after, Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud announced the formation of a global alliance to push for a two-state solution to the Israeli-Palestinian conflict.

Implementing the two-state solution, he said, was “the best solution to break the cycle of conflict and suffering, and enforce a new reality in which the entire region, including Israel, enjoys security and coexistence.”

But, said Petillo: “Trump’s arrival is not good news for the chances of a two-state solution. Trump and his new administration simply don’t care about Palestinian rights, annexation is likely to be used as a threat and settlements are likely to expand, and the whole issue risks becoming a big real-estate project, with huge consequences for Palestinian security, but I think also for that of ordinary Israelis.”

In November, Bader Mousa Al-Saif, an associate fellow on the MENA program at Chatham House and a historian at Georgetown University, wrote that Trump would find the Gulf region much changed since he last engaged with it.

Trump’s “aloof response” to the September 2019 attack on Saudi oil fields and facilities “shattered a security doctrine predicated on US protection of energy sources and the interests of long-time partners” and the lack of US reaction “boosted an ongoing self-reliance drive in the Gulf,” he wrote in a paper for Chatham House.

Since then, “the Arab Gulf states have made strides in the intervening years by taking matters into their own hands — reconciling intra-Gulf discord, freezing the Yemen conflict, and making overtures to regional neighbours like Iran, Syria, and Turkiye.”

If the incoming administration returns to the Abraham Accords, “this will put Saudi Arabia in a bind. The Saudis have banked on a clear precondition for normalization — the end of Israeli occupation and establishment of a Palestinian state.”

But, said Ibrahim Al-Marashi, associate professor in the Department of History at California State University San Marcos, a different kind of deal could break the deadlock.

“Trump’s repudiation of the Iran nuclear deal served as the primary causal factor in intensifying tensions, escalating into direct violence,” he said. “This violence played out primarily on Iraqi soil, albeit with a brief period of clashes in Syria.

“Trump wants a nuclear deal on his terms that he can claim credit for. If he gets that and sanctions are lifted on Iran, then tensions might finally subside.”

Burcu Ozcelik, a senior research fellow on Middle East security at the Royal United Services Institute, believes “the Trump administration will be unlikely to backtrack or jeopardize the progress that has been made to weaken Iran’s status in the Middle East.

“The region is transforming in ways unimaginable 15 months ago, with new political futures possible in Lebanon and Syria,” he said. “The weakening of both Iran and Russia in the Middle East represents a success story, and Trump will want this dynamic to continue — and to take credit for it.”

And to be recognized for it, as a main plank of his legacy.

“Trump’s desire for a Nobel Prize might push him toward pursuing a peace deal or normalization between Israel and Saudi Arabia,” said Bregman.

“Achieving this would require Netanyahu to make some progress toward a Palestinian state, a prerequisite for advancing Israeli-Saudi relations. This won’t be easy. But Netanyahu’s wariness of Trump might compel him to act.”


Donald Trump’s swearing-in ceremony as 47th US president

Donald Trump’s swearing-in ceremony as 47th US president
Updated 4 min 18 sec ago
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Donald Trump’s swearing-in ceremony as 47th US president

Donald Trump’s swearing-in ceremony as 47th US president
  • Donald Trump’s swearing-in ceremony moved indoors due to intense cold in Washington D.C.
  • The US flag over the Capitol will be flying at full-staff for Trump’s

WASHINGTON: Donald Trump, who overcame impeachments, criminal indictments and a pair of assassination attempts to win another term in the White House, will be sworn in Monday as the 47th US president taking charge as Republicans claim unified control of Washington and set out to reshape the country’s institutions.
Trump’s swearing-in ceremony, moved indoors due to intense cold, will begin at noon ET. But festivities started earlier when the incoming president arrived for service at St. John’s Episcopal Church.
The US flag over the Capitol will be flying at full-staff for Donald Trump’s swearing-in.
That’s despite an order from President Joe Biden that flags be lowered for 30 days following the Dec. 29 death of former President Jimmy Carter.
Addressing a packed crowd at Capital One Arena in Washington, D.C. on Sunday, Trump stayed consistent with the framing he often used in his campaign.
He criticized Biden’s term as a “failed administration” and promised to “end the reign of a failed and corrupt political establishment.”
“Tomorrow, at noon, the curtain closes on four long years of American decline and we begin a brand-new day of American strength and prosperity, dignity and pride,” he told supporters.
Trump’s inauguration on Monday is a sign of the changing tides, where mainstream entertainers, from Nelly to The Village People are more publicly, more enthusiastically associating with the new US administration.
Eight years ago, Trump reportedly struggled to enlist stars to be part of the swearing-in and the various glitzy balls that follow. The concurrent protest marches around the nation had more famous entertainers than the swearing-in.
There were always some celebrity Trump supporters, like Kid Rock, Hulk Hogan, Jon Voight, Rosanne Barr, Mike Tyson, Sylvester Stallone and Dennis Rodman, to name a few. But Trump’s victory this time around was decisive and while Hollywood may always skew largely liberal, the slate of names participating in his inauguration weekend events has improved.
Kid Rock, Billy Ray Cyrus, The Village People, Lee Greenwood all performed at a MAGA style rally Sunday. Those performing at inaugural balls include the rapper Nelly, country music band Rascal Flatts, country singer Jason Aldean and singer-songwriter Gavin DeGraw.
Trump may be breaking a tradition on Inauguration Day. No heads of state have previously made an official visit to the US for the inauguration.
It’s not clear whether foreign leaders will attend the swearing-in ceremony or other events related such as inaugural balls.
Argentina’s President Javier Milei and Italy’s Premier Giorgia Meloni have spoken about being invited. The offices of Ecuadorean President Daniel Noboa and Paraguayan President Santiago Peña have also said they were invited and were planning to attend. The Salvadoran ambassador to the US said there had been an invitation to the country’s President Nayib Bukele, but he is not likely to attend.
Last month, Trump transition spokesperson Karoline Leavitt said world leaders, including Chinese President Xi Jinping, had been invited. Jinping is unlikely to attend and it’s not clear whether he would send another official.


UAE partnership gives boost to Philippines’ energy transition

UAE partnership gives boost to Philippines’ energy transition
Updated 20 January 2025
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UAE partnership gives boost to Philippines’ energy transition

UAE partnership gives boost to Philippines’ energy transition
  • Coal still accounts for over half of Philippines’ power generation
  • Cooperation with Masdar will provide up to 1 GW of clean power by 2030

MANILA: The Philippines is on track to achieve its energy transition goals following a $15 billion renewable energy deal with UAE’s state-owned energy firm Masdar to develop solar, wind and battery energy storage systems.

Manila has been working to reduce its reliance on fossil fuels and aims to increase the share of renewable sources in the energy mix from around 22 percent currently to 35 percent by 2030 and 50 percent by 2040.

The deal with Masdar, which was signed last week in Abu Dhabi, will provide up to 1 gigawatt of clean power by 2030, with plans to scale up to 10 GW by 2035, according to the Philippines’ Department of Energy.

“This collaboration will significantly advance our goal of achieving 35 percent renewable energy in power generation by 2030,” Philippine Energy Secretary Raphael Lotilla said in a statement.

The new partnership followed President Ferdinand Marcos Jr.’s inaugural visit to the UAE last November, which saw the two countries signing various new agreements, including in investment, artificial intelligence and energy transition.

The deal with Masdar will not only increase energy security in the Philippines but also deliver “significant economic benefits” for the country as it creates new jobs and drives technology transfer, Lotilla said.

“Together, we are positioning the Philippines as a regional leader in sustainable energy.”

The project also marks Masdar’s entry into the Philippines’ renewables market.

The Southeast Asian nation has been exploring clean and sustainable options to generate power as the country regularly suffers outages and faces high tariffs. Coal is the main source of electricity in the Southeast Asian state, accounting for more than half of its power generation.


Indonesia opens carbon credit market to foreign buyers to help finance climate action

Indonesia opens carbon credit market to foreign buyers to help finance climate action
Updated 20 January 2025
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Indonesia opens carbon credit market to foreign buyers to help finance climate action

Indonesia opens carbon credit market to foreign buyers to help finance climate action
  • Initial carbon credit certificates up for trade are worth 1.78 million metric tons of carbon dioxide equivalent
  • Jakarta has pledged to reach carbon neutrality by 2060, plans to build 75 gigawatts of renewable energy capacity

JAKARTA: Indonesia began offering carbon credit certificates for international buyers on Monday, as one of the world’s top greenhouse gas emitters seeks to raise funds to achieve its climate goals.

The move comes after countries agreed on the rules for a global market to buy and sell carbon credits at the COP29 climate conference last November, which its proponents say will mobilize billions of dollars into projects to help fight climate change.

Indonesia is ready to issue carbon credit certificates from emission reductions from a number of power projects on Java island worth about 1.78 million metric tons of carbon dioxide equivalent (CO2e), Environment Minister Hanif Faisol Nurofiq said.

“The implementation of international carbon trading is a reflection of Indonesia’s commitment following COP29,” he said at a launching ceremony in Jakarta.

“It can be ensured that the emission reduction certificates issued by Indonesia are of high integrity … It is hoped that this will serve as (a) foundation for global climate action that (turns) ambition into action, aligning economic growth with environmental responsibility.”

Carbon credits are generated by activities that avoid or reduce emissions of carbon dioxide, a potent greenhouse gas. They can be purchased by companies or countries seeking to “offset” or cancel out some of their own emissions to help reach their climate goals.

Indonesia, an archipelago with the world’s third-largest rainforest area, is one of the world’s biggest polluters. It has pledged to reach carbon neutrality by 2060, including by phasing out hundreds of coal-fired power plants and replacing them with renewables.

With goals to build around 75 gigawatts of renewable energy capacity by 2040, the government plans to raise some of the required funds through carbon offset projects.

Monday’s launch was an “important milestone in our collective journey towards a sustainable future,” Nurofiq said.

Indonesia’s carbon credit market has attracted little interest after it was first launched for domestic players in September 2023.

Trading value as of December 2024 was 50.64 billion rupiah ($3.10 million), while trading volume reached 908,018 tons of CO2e, according to Indonesia’s Financial Services Authority.