Belem, Brazil, Nov. 8 -- Indonesia aims to generate Rp16 trillion (about S$960 million) from carbon credit transactions during the 30th United Nations Climate Change Conference (COP30) in Belem, Brazil, officials said Friday.

Environment Minister Hanif Faisol Nurofiq said the Indonesian delegation hopes to sell 90 million tons of carbon credits from both nature-based and technology-driven sectors.

"We aim to achieve total transactions worth Rp16 trillion through forest and marine ecosystem credits, as well as energy and industrial projects," he said at the Belem Leader Summit.

Nurofiq said the effort is part of Indonesia's strategy to cut greenhouse gas emissions while spurring economic growth under Presidential Regulation No. 110 of 2...