He said Indonesia welcomed the spirit of cooperation promoted by the Coalition to Grow Carbon Markets and supported its shared principles to guide governments and companies in maintaining high integrity in carbon credit use.
“Indonesia is ready to work with all partners to ensure the carbon market upholds the highest integrity,” Marzuki said at the coalition’s event at Singapore’s Pavilion during the UN Climate Change Conference (COP30) in Belém, Brazil, on Monday.
He expressed appreciation to the coalition’s founding members—Kenya, the United Kingdom, Singapore, France, and Panama—for their leadership in promoting a transparent and credible global carbon market.
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Indonesia views the initiative as vital to accelerating climate action and advancing sustainable development, he said.
“We appreciate the Government of Singapore as co-chair of the coalition for encouraging collective efforts to mobilize private financing through the carbon market,” he added.
Marzuki said Indonesia shared the coalition’s goal of ensuring that carbon trading remains transparent, credible, and beneficial for both communities and the environment, while driving sustainable economic growth.
He noted that the government is strengthening its national carbon market framework through Presidential Regulation No. 110 of 2025 on Carbon Economic Value, which provides the foundation for a robust and globally connected carbon market ecosystem.
“Our strategy is clear—ensuring regulatory clarity, aligning national Measurement, Reporting, and Verification (MRV) standards with international best practices, and attracting investment to support nature-based mitigation efforts,” Marzuki said.
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Translator: Subagyo, Raka Adji
Editor: Rahmad Nasution
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