Enviro News Asia. São Paulo — Indonesia has officially opened its high-integrity carbon market, marking a pivotal step toward aligning national climate action with sustainable economic growth. The announcement came during the High-Level Breakfast Roundtable on Indonesia’s High-Integrity Carbon Market: Toward a Green, Resilient, and Inclusive Future, held on the sidelines of COP30’s Sustainable Business COP (SBCOP) in São Paulo.
The event was jointly hosted by the Ministry of Forestry, Standard Chartered, the Indonesia Climate and Growth Dialogue (ICGD), the Business Partnership for Market Implementation (BPMI), and the International Emissions Trading Association (IETA).
Indonesia’s Presidential Envoy for Climate and Energy, Hashim Djojohadikusumo, and Minister of Forestry Raja Juli Antoni presented the country’s readiness to develop a credible carbon market and attract global investment for climate action.
Hashim announced that President Prabowo Subianto had signed a new Presidential Regulation on the Carbon Economic Value, establishing a transparent and internationally aligned framework for carbon trading. The regulation ensures rigorous measurement and verification methods, social and environmental safeguards, and tangible benefits for local communities — all aimed at advancing the Sustainable Development Goals (SDGs).
He outlined Indonesia’s vision to become a global hub for high-integrity carbon markets, creating jobs, strengthening livelihoods, and building climate-resilient communities. “Indonesia’s carbon market is now open for global participation,” Hashim stated.
Minister Raja Juli Antoni emphasized the issuance of Presidential Regulation No. 110/2025 on the Carbon Economic Value and National Greenhouse Gas Emission Control as a milestone for the forestry sector, which plays a crucial role in providing high-integrity carbon credits.
He underscored that the market’s success must translate into direct benefits for local communities through social forestry schemes and critical land rehabilitation programs. “This initiative transforms forest conservation into a viable and profitable economic activity,” he said.
To strengthen carbon-market governance, Raja Juli Antoni announced four forthcoming ministerial decrees revising regulations on carbon trading procedures, forest zoning and management, social forestry, and ecosystem services in conservation areas. “Our goal is to mobilize up to USD 7.7 billion annually through carbon transactions and ensure every emission credit is traceable, verified, and accountable,” he added.
Donny Donosepoetro OBE, CEO of Standard Chartered Indonesia, hailed the new regulation as “a significant breakthrough toward a high-integrity carbon market and a long-awaited reform creating a credible and investable carbon-trading framework.”
During the same event, the Ministry of Forestry and the Integrity Council for the Voluntary Carbon Market (ICVCM) signed a Memorandum of Understanding to strengthen Indonesia’s voluntary carbon market. The partnership focuses on capacity-building, technical assistance, and knowledge sharing to align Indonesia’s forestry carbon credits with the Core Carbon Principles — the global benchmark for credible, high-integrity carbon credits.
Amy Merrill, CEO of ICVCM, welcomed the collaboration, saying, “Indonesia has taken a positive step toward carbon financing and decarbonization. This partnership will ensure forestry carbon projects in Indonesia deliver real, verifiable climate impacts and contribute to sustainable development.”
With this milestone, Indonesia positions itself as a global leader in credible carbon markets, turning climate ambition into economic opportunity — attracting investment, creating green jobs, and promoting inclusive prosperity for its people. (*)
