ASIATODAY.ID, JAKARTA — Indonesia has once again taken center stage in the global climate arena.
During the UNFCCC COP 30 in Belém, Brazil (10–21 November 2025), IDXCarbon, the country’s official carbon exchange operated by the Indonesia Stock Exchange (IDX), recorded a surge of 2.75 million tons of CO₂ in transactions and purchase commitments.
This milestone reinforces the rising global appetite for Indonesian carbon credits, especially those backed by nature-based and clean-energy solutions.
The 2.75-million-ton achievement reflects demand for both registered and upcoming Indonesian carbon projects. The projects marketed through the IDXCarbon platform span:
Renewable energy
Forest conservation
Peatland restoration
Waste-to-energy systems
Industrial energy efficiency
Major institutions expressing interest or making transactions during COP 30 included:
TBS Energi Utama Tbk
South Pole
Bank Mandiri, CIMB Niaga, Maybank Indonesia, SMBC Indonesia
Pertamina and Pertamina Patra Niaga
Energy Management Indonesia
CarbonEthics (Iklim Muda Sentosa)
Sucofindo
As well as several undisclosed foreign entities
“This level of interest reflects strong international confidence in Indonesia’s carbon credit potential,” said Jeffrey Hendrik, Director of Development at IDX on December 1, 2025.
Indonesia Reinforces Carbon Market Integrity at COP 30 Belém
At the opening of COP 30, IDXCarbon, together with the Financial Services Authority (OJK) and the Ministry of Environment/Environmental Control Agency (KLH/BPLH), hosted a high-level dialogue titled:
“Indonesia’s Carbon Market Outlook: Enhancing Market Integrity and Transparency”
The event, held at the Indonesia Pavilion, reaffirmed the country’s commitment to building a high-integrity, fully transparent carbon market—a prerequisite for international recognition and long-term credibility.
The Indonesia Pavilion carried the theme:
“Accelerating Substantial Actions of Net Zero Achievement through Indonesia High Integrity Carbon”
This theme aligns with IDXCarbon’s vision to become a trusted global marketplace for high-quality Indonesian carbon credits.
COP 30 also featured a crucial Sellers Meet Buyers session, helping connect Indonesian carbon project developers with international buyers.
3.6 Million Tons CO₂e Already Listed on IDXCarbon
As of October 2025, IDXCarbon had listed over 3.6 million tons of CO₂e, covering major projects in renewable energy and industrial decarbonization.
Renewable Energy & Efficiency Projects Include:
Pertamina Power Indonesia – Lahendong geothermal facilities
PLN Nusantara Power – Muara Karang Block 3 CCGT, Muara Tawar CCGT conversion, and PLTMG Sumbagut 2 Peaker
PLN Indonesia Power – Gunung Wugul mini-hydro, Priok CCGT, Grati CCGT Add-On
Geo Dipa Energi and Supreme Energy – geothermal developments
Agriculture & Waste Projects:
PTPN IV – Biogas co-firing from POME (palm oil mill effluent)
90 Million Tons CO₂e in the Pipeline: Massive Future Supply from Indonesia
Dozens of developers have signed Letters of Intent (LoI) to list their carbon units on IDXCarbon. Combined, the projects represent approximately 90 million tons of CO₂e, positioning Indonesia as one of the largest future suppliers of high-quality carbon credits in the world.
Notable LoI signatories include:
Rimba Makmur Utama – Katingan Peatland Restoration & Conservation
Strata Pacific – SERCOVA Seram conservation project
Arsari Group – East Kalimantan forestry project
CarbonEthics – Peatland restoration and coastal blue economy projects in Aceh
Pertamina Power Indonesia – Sei Mangkei biogas power plant
Pupuk Indonesia Group – Aforestation, reforestation, CCS for ammonia and blue ammonia facilities
PLN (Persero) – Asahan III hydropower, Jatigede hydropower, and IKN 50 MWac solar PV
Azbil Berca Indonesia – Energy efficiency in major malls and MRT Jakarta stations
This strong pipeline signals deep private-sector commitment to Indonesia’s green transition and illustrates the country’s extraordinary carbon supply potential.
Rapid Growth Since Launch in 2023
Since its launch on 26 September 2023, IDXCarbon has achieved rapid development:
142 registered service users
1,607,518 tons of CO₂e traded
986,469 tons of CO₂e retired
“Indonesia holds one of the world’s largest carbon credit potentials. IDXCarbon is designed to deliver transparency, reliability, and security to ensure an orderly and efficient carbon trading ecosystem,” said Jeffrey Hendrik.
Enormous Opportunities, Serious Risks
1. Indonesia Could Become a Global Carbon Superpower
With vast forests, peatlands, and renewable energy potential, Indonesia is uniquely positioned to dominate the global carbon market.
2. Integrity Is Everything
Weak monitoring risks greenwashing, reputational damage, and exclusion from major international buyers.
3. Regional Competition Is Rising Fast
Vietnam, Malaysia, and Singapore are also strengthening their carbon market architecture.
4. Strong MRV and Regulation Are Critical
Market credibility hinges on rigorous measurement, reporting, and verification systems.
5. Huge Economic Potential
If managed well, carbon trading could deliver:
Significant foreign exchange
Faster renewable energy transition
Large-scale reforestation
Stronger climate diplomacy
COP 30 Confirms Indonesia’s Position in the Global Climate Economy
The strong performance of IDXCarbon at COP 30—coupled with 2.75 million tons of CO₂ in commitments and an additional 90 million tons CO₂e in the pipeline—signals that Indonesia is rapidly emerging as a global force in carbon trading.
With sustained integrity, transparency, and strategic leadership, Indonesia has a real chance to become the carbon market powerhouse of the Global South. (AT Network)
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