Indonesia’s Carbon Market Opens for Business. With the enactment of Presidential Regulation No. 110 of 2025, Indonesia is ushering in a new era for carbon trading, allowing early participation, recognizing international standards like Verra and Gold Standard, and formally integrating the Voluntary Carbon Market (VCM). Our latest article breaks down what this means for project developers, investors, and international buyers entering one of Southeast Asia’s most promising carbo

Another milestone for Indonesia’s carbon market: the Ministry of Environment and Forestry has signed a Mutual Recognition Agreement with Verra. This partnership establishes mutual recognition between Verra-issued VCUs and Indonesia’s Emission Reduction Certificates under the SRN-PPI registry. By linking domestic oversight with Verra’s global credibility, Indonesia continues to build a high-integrity, globally connected carbon ecosystem.

A landmark move in climate finance: Indonesia's Ministry of Environment and Forestry (KLH) officially signed Mutual Recognition Agreements (MRAs) with Global Carbon Council (GCC) and Plan Vivo. This follows the crucial agreement with Gold Standard earlier this year. This framework integrates these global standards with Indonesia’s national certificate (SPEI), streamlining climate finance and ensuring transparency via the national SRN PPI registry.

Indonesia is set to close a major climate policy gap by bringing captive coal and gas-fired power plants into its Emissions Trading System in 2025. While this marks progress toward regulating industrial emissions, key questions remain about market design, sector integration, and whether the ETS can truly drive decarbonization.

Indonesia is advancing carbon pricing via ETS and taxes, aiming for net zero by 2060, but key sectors and MRV gaps need work.

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