Ecobiz.asia — Indonesia said it shares a common vision with the Singapore-led Coalition to Grow Carbon Markets in promoting transparent, credible, and high-integrity global carbon markets.
Deputy Forestry Minister Rohmat Marzuki made the statement during the Coalition’s session held at the Singapore Pavilion at the UNFCCC COP30 Climate Conference in Belém, Brazil, on Monday (Nov. 10, 2025).
“We appreciate the Government of Singapore as Co-Chair of the Coalition for convening this important forum that mobilizes private sector financing through carbon markets,” Rohmat said.
Launched during London Climate Action Week 2025, the Coalition to Grow Carbon Markets—supported by France, Kenya, Singapore, the United Kingdom, and Panama—aims to strengthen cooperation and promote Shared Principles to guide governments and companies in maintaining high integrity in the carbon market.
Rohmat said Indonesia welcomes the initiative and views it as consistent with Indonesia’s approach to developing credible and transparent carbon markets that benefit both people and nature while advancing sustainable economic growth.
He emphasized that Indonesia is currently reinforcing its national carbon market architecture through Presidential Regulation No. 110/2025 on Carbon Economic Value (NEK). The regulation, he said, establishes a robust and inclusive framework that connects Indonesia’s carbon market with global mechanisms.
“Our strategy is clear—ensuring regulatory clarity, aligning national Measurement, Reporting, and Verification (MRV) standards with global practices, and attracting investments to support nature-based mitigation solutions,” Rohmat said.
He added that Indonesia remains open to collaboration with international partners to uphold integrity and inclusivity in carbon markets and ensure real climate benefits.
“We share the same vision to make carbon markets not only effective in reducing emissions but also impactful for local communities, biodiversity, and sustainable development,” he said. ***
