"We have agreed to establish a forum to restore tropical peatlands in our respective countries through collaboration and reinforce these initiatives to ensure carbon integrity and enhance our bargaining position with the global community in reducing greenhouse gas emissions," Nurofiq said on Wednesday.
The meeting between the ministers was held on the sidelines of the 30th UN Climate Change Conference (COP30) in Belém, Brazil.
According to him, Indonesia will reach a joint agreement with three countries, namely the Republic of Congo, the Democratic Republic of Congo, and Peru, regarding peatland restoration.
"We plan to have a joint statement with four ministers in our Indonesian Pavilion, all of whom have significant peatland potential," Nurofiq remarked.
He explained that the peatland restoration aims to produce high-quality carbon, which is expected to have economic value through carbon trading.
The minister views setting an economic value target for carbon trading as essential to stimulate economic growth and curb greenhouse gas emissions, as stipulated in Presidential Regulation Number 110 of 2025 concerning the Implementation of Carbon Economic Value Instruments and National Greenhouse Gas Emission Control.
The Indonesian government is targeting transactions of up to 90 million tons of CO2, with a transaction value of Rp16 trillion (US$929 million) from carbon trading during the COP30.
To achieve this target, 'Seller Meet Buyer' sessions will be held daily at the Indonesian Pavilion at COP30. These activities will bring together carbon sellers, potential buyers, and investors.
The Indonesian Pavilion also serves as a showcase introducing Indonesia's green diplomacy, and cross-sector initiatives from forestry, energy, industry, and waste management.
"Environmental diplomacy should stretch beyond the negotiation table. It is time for the real action. Indonesia is ready to lead the way with global partners towards a just and low-emission future," Nurofiq emphasized.
This year's Indonesian Pavilion is designed with a concept combining elements of culture and sustainability as a symbol of harmony between humans and nature.
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Translator: Resinta Sulistiyandari
Editor: Arie Novarina
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