Indonesia starts carbon trading scheme covering nine forest provinces
The programme spans roughly 38.6 million hectares and aims to expand carbon-based climate financing.
Indonesia has launched a forestry carbon trading initiative covering nine provinces at COP31 in Antalya, Turkey. The scheme encompasses roughly 38.6 million hectares, equivalent to about 40 per cent of the country’s total forest cover.
Registration of Indonesia’s TREES Concept document marked the launch. The initiative operates within the Architecture for REDD+ Transactions (ART TREES) framework and seeks to increase carbon-based financing for climate action.
Emissions reduction efforts linked to deforestation and forest degradation will be the focus in four provinces: Central Sulawesi, East Kalimantan, Jambi and Riau. The other five—Highland Papua, Southwest Papua, West Papua, Papua and North Maluku—are registered in the High Forest, Low Deforestation (HFLD) category.
Deputy Forestry Minister Rohmat Marzuki said provincial preparations would involve documentation and assessment, followed by validation and verification, in coordination with national authorities. He stressed that transparent accounting was needed to prevent funding channels from double counting.
Marzuki said Indonesia was open to credible partnerships, mechanisms and standards consistent with its domestic rules, climate commitments and international integrity principles.
CarbonNex was introduced earlier at the Indonesian Pavilion. The platform connects carbon project developers in Indonesia with buyers and investors abroad.
