In a statement released here Friday, Nurofiq underlined the importance of the principles of justice, transparency, and accountability in carbon trading, especially to check potential manipulation and organized crime in the national carbon market that could damage public trust.
"Facing carbon crime is a real challenge that must be addressed seriously. If fictitious projects, fake data, or illegal permits are allowed, not only will climate targets fail to be achieved, but public trust in Indonesia will also be eroded," he explained.
"Therefore, stricter supervision and firm action against violations in carbon trading are very necessary," he added.
According to Nurofiq, the value of Indonesia's carbon economy is estimated to reach US$16.7 billion by 2030.
The projection not only shows a great opportunity for the country's economy, but also highlights the challenge in building a transparent, accountable, and irregularity-free system.
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For this reason, securing the carbon trading system is very important, considering the risk of carbon crime, he said, adding that the carbon economic value security system must be built on three main pillars: social, environmental, and legal.
The social pillar will aim to protect communities affected by carbon projects, the environmental pillar will ensure the accuracy and validity of emission data, while the legal pillar will ensure there are no regulatory loopholes that can be exploited for unscrupulous interests.
The Ministry of Environment is currently perfecting a national risk-based carbon registration system that could allow early detection of potential irregularities, he said.
In addition, cooperation with international institutions, such as the United Nations Office on Drugs and Crime (UNODC) and Interpol, has also been strengthened to address transnational carbon crime.
Minister Nurofiq said that the government will soon launch technical guidelines for securing cross-sectoral carbon economic values to strengthen equitable and sustainable governance, in keeping with global standards.
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Translator: Prisca Triferna Violleta, Yashinta Difa
Editor: Rahmad Nasution
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