Jakarta (ANTARA) - Indonesia’s Forestry Ministry delegation met with Verra, a global nonprofit that develops standards for sustainable development projects, during the 30th UN Climate Change Conference (COP30) in Belém, Brazil, to discuss opportunities in the voluntary carbon market.

Forestry Minister’s Senior Advisor Edo Mahendra said in an official statement in Jakarta on Saturday that the ministry is drafting new ministerial regulations to accommodate voluntary carbon trading under Presidential Regulation No. 110 of 2025.

“Compared to Presidential Regulation No. 98 of 2021, which did not include voluntary carbon trading, the new regulation provides greater opportunities by recognizing carbon as a primary commodity, not merely a byproduct of achieving nationally determined contributions (NDCs),” Mahendra said.

He noted that several ministerial decrees are being prepared, including Environment and Forestry Ministerial Regulations No. 7 of 2023, No. 8 of 2021, No. 9 of 2021, and a new draft on the utilization of ecosystem services in conservation areas.

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Mahendra said the government will also strengthen carbon market institutions through a steering committee involving multiple ministries to resolve cross-sectoral challenges and accelerate national carbon trading.

“We aim to build a credible and sustainable carbon trading framework that encourages investor confidence and participation,” he added.

Verra CEO Mandy Rambharos said Indonesia plays a key role as a potential partner in the voluntary carbon market, given its vast forest resources and strong environmental policies.

Meanwhile, Director General of Sustainable Forest Management Laksmi Wijayanti said Presidential Regulation No. 110 of 2025, which replaces Regulation No. 98 of 2021, governs the Carbon Economic Value Instrument and National Greenhouse Gas Emission Control System.

She emphasized the need to establish a high-integrity carbon trading system that fully complies with national and international standards to ensure lasting environmental and economic benefits.

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Translator: Lintang Budiyanti Prameswari, Cindy Frishanti Octa
Editor: Rahmad Nasution
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