Ecobiz.asia — Indonesia will pilot a G20-backed carbon data framework as part of efforts to strengthen transparency and standardization in its carbon market, becoming the first government to publicly commit to testing the model.
The initiative was announced in collaboration with the Climate Data Steering Committee (CDSC), with the pilot linked to the development of Indonesia’s carbon registry system, Sistem Registri Unit Karbon (SRUK), under Presidential Regulation No. 110/2025.
The pilot will be overseen by the national steering committee on carbon economic value, chaired by Coordinating Minister Zulkifli Hasan, and aims to test the Common Carbon Credit Data Model, a framework designed to improve data comparability, transparency and interoperability across carbon markets.
Deputy Coordinating Minister Nani Hendiarti said the move reflects Indonesia’s ambition to build a high-integrity carbon market aligned with global standards.
“By piloting this data model, Indonesia is ensuring alignment with international best practices while strengthening transparency and unlocking opportunities for sustainable development,” she said in a statement, as quoted on Wednesday (18/3/2026).
CDSC Chair Mary Schapiro said Indonesia’s participation marks a key step in moving from concept to implementation.
“This demonstrates how global best practices can be applied at the national level and supports broader efforts to improve the availability of high-quality climate data,” she said.
Carbon markets are seen as a key instrument to drive investment in emissions reduction and low-carbon development. However, fragmented and non-standardized data remains a major barrier to scaling the market globally.
The Common Carbon Credit Data Model, developed under the G20 Sustainable Finance Working Group, aims to address this challenge by standardizing how carbon credit data is recorded across its lifecycle, from issuance to retirement.
The framework introduces consistent definitions and tracking mechanisms, including unique identifiers, to improve traceability, reduce the risk of double counting, and streamline due diligence processes.
Indonesia’s pilot is expected to test the model’s application within a national registry system while supporting cross-border interoperability with international carbon markets.
The initiative also aligns with Indonesia’s broader goal of positioning itself as a global hub for high-integrity carbon trading while supporting domestic climate targets and economic transformation.
The pilot phase, first announced at the COP30 Business and Finance Forum in São Paulo in 2025, has attracted interest from more than 35 jurisdictions and private-sector entities.
The CDSC, established in 2022 by Emmanuel Macron and Michael R. Bloomberg, aims to improve access to standardized climate data globally by developing a trusted public data infrastructure. ***
