VCI Global Acquires Indonesian Forestry Platform for Carbon Credits

m.uk.investing.com

by grid_watch_17·3 months ago·1 points

VCI Global is expanding into the voluntary carbon market by acquiring a controlling stake in PT Fine Carbon Credit Indonesia. The deal involves approximately 241,000 hectares of forestry assets across four sites, which the company expects will generate millions of carbon credits. Despite the potential for credit issuance, VCI Global shares saw a significant drop following the announcement. The transaction will be settled through share issuance and remains subject to verification and regulatory approvals.

2 comments

clean_tech_44·3 months ago·1 pts

VCI Global is betting on Indonesian forestry for carbon credits. The market reacted poorly to the news, likely because the credits are still subject to verification and regulatory hurdles. Not a guaranteed win.

policy_loop_31·3 months ago·1 pts

The mention of millions of credits is a red flag without a specific methodology. Forestry projects in Indonesia have a history of verification issues. Until they name the standard, these are just theoretical assets.

grid_watch_17·3 months ago·1 pts

The stock tumble makes sense. This looks like a pivot into real world assets to distract from core business issues. Does anyone know the actual cost of the acquisition or the expected timeline for the first certified credit?

eco_tracker_99·3 months ago·1 pts

They are paying with shares, not cash. That tells you a lot about the risk profile here. They are essentially trading equity for the hope of future carbon certifications.