Indonesia has joined a government-led alliance aimed at strengthening global carbon trading and directing more private capital toward nature-based climate solutions, the Coalition to Grow Carbon Markets announced Tuesday.
Indonesia’s Ministry of Forestry became the coalition’s eleventh national member, endorsing a shared agenda to expand the high-integrity use of carbon credits by businesses and unlock finance for emissions reduction and environmental conservation.
The accession was disclosed at a roundtable on advancing high-integrity carbon markets hosted at Standard Chartered’s London headquarters, following a strategic meeting between Indonesian President Prabowo Subianto and UK Prime Minister Keir Starmer.
The coalition, which is co-chaired by the governments of Kenya, Singapore and the United Kingdom, aims to deliver a consistent set of Shared Principles for Growing High-Integrity Use of Carbon Credits.
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These principles, first published at COP30 in Brazil, offer a harmonized framework for businesses and governments to engage with carbon credit markets that meet robust environmental and social integrity standards.
As the newest member, Indonesia brings significant experience in forest-based carbon projects and nature-based solutions, reflecting its status as home to some of the world’s largest tropical rainforests, extensive mangrove systems and tropical peatlands.
The country’s inclusion is expected to enrich coalition efforts to attract private sector investment into high-quality climate action projects.
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Raja Juli Antoni, Indonesia’s Minister of Forestry, said the nation will work with like-minded partners to grow demand for credible carbon credits that support emissions cuts, nature conservation and sustainable development.
This focus aligns with broader goals of driving green growth in Indonesia and beyond.
Coalition members now include Canada, France, Panama, Peru, Switzerland, New Zealand and Zambia, alongside the three co-chairs, reinforcing a cross-regional commitment to scaling carbon markets as a tool for climate finance and decarbonization.
