Belém, Brazil (ANTARA) - The Indonesian government is reviewing sanctions for violations in carbon trading amid concerns over fraud, a senior environment official said Sunday.

"We are reviewing several issues related to carbon fraud," Riza Irawan, deputy for Law Enforcement at the Ministry of Environment, said at the Indonesian Pavilion during COP30 in Belém, Brazil.

He said the ministry will coordinate with the Supreme Court on enforcement measures.

Carbon trading remains vulnerable to manipulation, which can undermine environmental integrity, cause financial losses, and erode public trust, he said.

The government is strengthening carbon market governance to prevent organized crime and manipulative practices in carbon transactions, Irawan added.

Environment Minister Hanif Faisol Nurofiq said building credibility in the carbon market requires time and consistent enforcement.

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"Building carbon integrity and credibility takes considerable time and effort to earn public trust that our carbon meets the integrity standards set by the Paris Agreement," Nurofiq said.

Indonesia is targeting up to 90 million tons in carbon trading transactions worth Rp16 trillion (US$929 million) during COP30.

From November 10–21, “Seller Meet Buyer” sessions are being held at the Indonesian Pavilion to connect carbon sellers, buyers, and investors.

The pavilion also showcases Indonesia’s green diplomacy and cross-sector climate efforts in forestry, energy, industry and waste management.

During COP30, Indonesia and Norway signed a carbon trading agreement through state-owned electricity company PT PLN and the Global Green Growth Institute (GGGI).

Under the deal, GGGI will purchase 12 million tons of CO2 from PLN’s renewable energy projects.

Nurofiq said the agreement signals global confidence in Indonesia’s carbon market.

"Our international partners are showing growing confidence in our carbon integrity and credibility," he said.

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Translator: Resinta Sulistiyandari
Editor: Rahmad Nasution
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