Indonesia’s Forestry Minister Raja Juli Antoni said the country’s carbon trading system is now ready to move into implementation, describing the shift as a direct mandate from President Prabowo Subianto to fix and operationalize the national carbon ecosystem.
The Ministry of Forestry plans to issue ministerial approvals and facilitate the issuance of forestry carbon credits to three holders of forest-utilization business licenses and one social forestry group, covering a combined volume of roughly 31 million tonnes of CO2 equivalent. The transaction value is estimated at Rp5 trillion, with associated non-tax state revenue of about Rp500 billion.
The handover is scheduled for July 6, 2026, three days ahead of the planned launch of Indonesia’s Carbon Unit Registry Systemon July 9, 2026, which the minister described as the core infrastructure for the national carbon market. He tied the effort to the president’s broader “green growth” push toward 8% economic growth, and reiterated the government’s stated aim of building a credible, transparent carbon market to help mobilize climate finance, citing regulatory certainty and trust as prerequisites, and pointing to Indonesia’s position as one of the world’s largest holders of tropical forest as a strategic reason to strengthen its carbon governance.
Carbon Market Context
- National carbon registries and government-facilitated credit-issuance processes, of the kind described here, are a common route through which countries with large forest estates try to convert forest-protection and restoration activity into tradable units for both domestic and international buyers.
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