Enviro News Asia, London — Indonesia has officially joined The Coalition to Grow Carbon Markets as its 11th government member, marking a significant step in strengthening international climate finance and expanding high-integrity carbon markets.
The announcement was delivered by Raja Juli Antoni, Minister of Forestry of the Republic of Indonesia, during a roundtable discussion titled Advancing Indonesia–UK Collaboration on High-Integrity Carbon Markets in London. The event took place at the headquarters of Standard Chartered and followed a bilateral meeting between Indonesian President Prabowo Subianto and UK Prime Minister Keir Starmer as part of the launch of the UK–Indonesia Strategic Partnership.
By joining the Coalition, Indonesia brings extensive expertise in forest-based carbon projects and nature-based solutions, supported by its tropical rainforests, mangrove ecosystems, and peatlands. The Coalition seeks to accelerate global emissions reductions by strengthening incentives for private sector investment in high-integrity carbon credits, particularly those linked to nature-based solutions.
Raja Juli Antoni stated that Indonesia will work with like-minded countries to increase global demand for high-integrity carbon credits from the forestry and nature-based solutions sectors. He emphasized that Indonesia’s natural capital and practical experience position the country to contribute meaningfully to global climate targets while supporting green economic growth.
Indonesia joins ten other government members of the Coalition, including Canada, France, Panama, Peru, Switzerland, New Zealand, and Zambia, alongside co-chairs Kenya, Singapore, and the United Kingdom.
UK Special Representative for Climate Rachel Kyte welcomed Indonesia’s participation, noting that carbon markets play a vital role in mobilizing finance for climate mitigation, biodiversity protection, and climate resilience. She highlighted Indonesia’s leadership in nature-based solutions as a key contribution to strengthening market integrity and private investment.
As a long-standing partner to both governments, Standard Chartered has actively supported sustainable finance initiatives, including the development of high-integrity carbon markets in Indonesia. Donny Donosepoetro OBE, CEO of Standard Chartered Indonesia, said Indonesia’s participation would enhance market transparency, quality standards, and demand for credible carbon credits.
The Coalition was launched during London Climate Action Week in June 2025 and later introduced the Shared Principles for Growing High-Integrity Use of Carbon Credits at COP30 in Brazil. These principles aim to address policy fragmentation by providing a consistent cross-border framework that gives businesses clarity and confidence to invest in carbon credits as part of credible decarbonization strategies.
Currently, the Coalition is advancing an action plan to align national and regional policies with the Shared Principles while sustaining buyer and investor engagement. The initiative responds to the urgent need for greater capital flows into emissions reduction projects as countries work to meet global climate targets and transition toward low-carbon economic growth. (*)
