Ecobiz.asia — Indonesia has joined the Coalition to Grow Carbon Markets, an international initiative aimed at strengthening high-integrity carbon markets and scaling up global climate finance, becoming the group’s 11th government member.
The move was announced by Indonesia’s Forestry Minister Raja Juli Antoni at a roundtable discussion on advancing Indonesia–UK cooperation on high-integrity carbon markets, held at Standard Chartered’s headquarters in London on Tuesday (Jan. 20, 2026).
The event followed a meeting between Indonesian President Prabowo Subianto and British Prime Minister Keir Starmer to launch the UK–Indonesia Strategic Partnership.
By joining the coalition, Indonesia brings its experience in forest-based carbon projects and nature-based solutions, leveraging its vast tropical forests, mangroves and peatlands. The government said high-integrity carbon credit markets could play a key role in cutting emissions, conserving biodiversity and supporting green growth.
“As the country with the world’s third-largest tropical rainforest, extensive mangrove ecosystems and significant tropical peatlands, Indonesia has substantial natural capital and practical experience in nature-based solutions,” Raja Juli Antoni said. “Through this coalition, Indonesia will work with like-minded countries to increase demand for high-integrity carbon credits from forestry and nature-based solutions.”
Indonesia joins coalition members Canada, France, Panama, Peru, Switzerland, New Zealand and Zambia, alongside co-chairs Kenya, Singapore and the United Kingdom. The group seeks to accelerate global emissions reductions by encouraging companies to invest in high-integrity carbon credits as part of credible decarbonisation strategies.
UK Climate Envoy Rachel Kyte welcomed Indonesia’s membership, saying its experience in nature-based solutions would help mobilise private-sector investment into high-quality carbon projects.
“Carbon markets can play an important role in delivering progress towards national climate targets while ensuring financing flows to protect nature and build resilience,” Kyte said.
Standard Chartered, which facilitated the engagement, said Indonesia’s participation would help raise quality standards and transparency in carbon markets. Donny Donosepoetro, CEO of Standard Chartered Indonesia, said the move would strengthen demand for high-integrity carbon credits, particularly those linked to nature-based solutions.
The coalition was launched during London Climate Action Week in June 2025 and has promoted international alignment through its Shared Principles for Growing High-Integrity Use of Carbon Credits, unveiled at the COP30 climate summit in Brazil.
The principles aim to address policy fragmentation that has hindered investment in carbon markets, offering greater clarity and certainty for companies seeking to use carbon credits as part of credible climate transition plans.
The coalition is currently focused on developing action plans to align national and regional policies and sustain buyer and investor interest, amid concerns that global climate targets will be missed without significantly higher flows of climate finance into emissions-reduction projects and low-carbon growth. ***
