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Jakarta – Indonesia has taken a strategic step to strengthen its carbon market and reaffirm its commitment to national climate targets. On May 8, 2025, the Ministry of Environment and Forestry (MoEF) officially signed a Mutual Recognition Agreement (MRA) with the Gold Standard Foundation (GSF) in Jakarta.
This partnership marks a crucial milestone in promoting transparency, accountability, and credibility in Indonesia’s carbon market, while also underlining the country’s commitment to implementing the Paris Agreement in a measurable and effective manner.
Through this MRA, carbon projects from Indonesia will now be recognized under the international Gold Standard for the Global Goals (GS4GG) framework, and eligible for globally accepted certification via the Indonesian Greenhouse Gas Emission Reduction System (SPEI-GRK). This opens wider access to international carbon markets, boosts investor confidence, and strengthens the integrity of Indonesia’s national carbon credit system.
“This agreement reflects Indonesia’s strong commitment to reducing greenhouse gas emissions in line with its Nationally Determined Contribution (NDC) targets. Harmonizing national systems with global standards opens major opportunities for sustainable investment,” said Minister of Environment and Forestry, Hanif Faisol Nurofiq, as quoted from the KLH press release.
Hanif emphasized that carbon’s economic value plays a significant role in encouraging the adoption of low-emission technologies across industries and the energy sector.
“Funding from carbon’s economic value must be directed toward climate change mitigation and adaptation efforts—not merely for profit,” Hanif told Antaranews.com.
He also highlighted Indonesia’s vast potential in the global carbon market, not only through renewable energy but also its rich biodiversity ecosystems such as tropical forests and peatlands.
Under this scheme, carbon credits registered in Indonesia’s National Registry System for Climate Change Control (SRN-PPI) will be internationally recognized by GSF, and vice versa. This applies to both the voluntary carbon market and compliance market, making Indonesia more competitive globally.
GSF CEO Margaret Kim welcomed the partnership, stressing that carbon projects must deliver real benefits not only in emission reductions but also in empowering local communities and promoting sustainable development.
MoEF and GSF will next draft technical regulations to effectively implement the MRA. These regulations aim to align national policies with international standards, improve carbon market governance, and strengthen Indonesia’s participation in a credible, high-integrity, and interoperable global carbon trading mechanism.
Previously, Deputy Minister of Environment Diaz Hendropriyono, during the CarboNEX 2025 forum on April 22 in Jakarta, announced that the MRA will be extended to other global certification bodies such as Verra, Puro Earth, and Plan Vivo. This expansion aims to increase export opportunities for Indonesian carbon credits.
MoEF is also working to strengthen domestic carbon supply chains through sectors like biochar, palm oil waste (POME), and clean energy projects led by state-owned enterprises like Pertamina NRE. All carbon projects are required to register in the SRN-PPI, and initial transactions must take place domestically so they can be recorded as Non-Tax State Revenue (PNBP).
This MRA brings multiple strategic advantages, including:
With this agreement, Indonesia is increasingly poised to take a leading role in the global carbon market, strengthen international collaboration, and accelerate the transition to a green and sustainable economy.
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