Speaking at a discussion on the Mutual Recognition Arrangement (MRA) between Indonesia’s Greenhouse Gas Emission Reduction Certification (SPEI) and the Joint Crediting Mechanism (JCM) in Jakarta, Nurofiq cited Indonesia’s second Nationally Determined Contribution (NDC).
“In that document, the energy sector is projected to peak in 2038—not 2030. But under our climate commitment, national emissions must peak by 2030. That’s non-negotiable,” he said.
He stressed that the FOLU sector must accelerate its contribution, accounting for more than 60 percent of the country’s emission reduction efforts.
Related news: Indonesia to submit Second NDC before UN General Assembly
To achieve Indonesia’s Net Zero Emissions target by 2060, the country must still hit its overall emissions peak by 2030, despite delays in the energy sector.
Nurofiq warned that reaching this goal will require significant sustainable financing, as public budget allocations alone will not be sufficient.
He estimated that the FOLU sector will need Rp400 trillion (approximately US$24.2 billion) to meet the Net Sink 2030 target.
To support this, Indonesia is expanding carbon trading efforts by opening domestic and international markets, including both compliance and voluntary carbon markets.
The country has also signed agreements with global carbon standard bodies such as Gold Standard, Plan Vivo Foundation, and the Global Carbon Council (GCC) to boost access to international markets, particularly for nature-based forestry credits.
These steps are part of Indonesia’s broader effort to align with global climate goals while compensating for slower progress in the energy transition.
Related news: Energy sector decarbonization higher than target: ministry
Translator: Prisca, Kenzu
Editor: Rahmad Nasution
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