Jakarta, July 23 -- Director of carbon economic value governance at the Ministry of Environment, Ignatius Wahyu Marjaka, has said that the Voluntary Carbon Market (VCM) holds numerous strategic opportunities for the country.

"There are significant potentials and opportunities that can be tapped through the VCM, ranging from climate financing to innovation and the development of green technologies," he expounded during a FOLU Talks webinar held by the Ministry of Forestry in Jakarta on Wednesday.

He noted that VCM can provide access to innovative funding sources for climate mitigation and adaptation projects.

"It can diversify income sources for landowners or forest managers, generating new revenue through the preservation and restorati...