Indonesia to offer 50m tonnes of carbon credits at COP30 after Verra deal
Monday, October 6 2025 - 08:10 AM WIB
Indonesia is preparing to market up to 50 million tonnes of carbon credits at the upcoming COP30 climate summit in Belém, Brazil, following the signing of a Mutual Recognition Agreement (MRA) with Verra, the world’s largest independent carbon standard, Ecobiz.asia reported.
The agreement, signed by the Ministry of Environment and Forestry, establishes mutual recognition of carbon crediting schemes, significantly expanding Indonesia’s access to global climate finance.
Environment Minister Hanif Faisol Nurofiq said the agreement enables Indonesia to bring a substantial volume of credits to the international market during the UN climate conference in November.
“We have identified several project proponents under Verra’s scheme that could serve as multi-scheme partners,” Hanif said at a press briefing in Jakarta following the signing ceremony on Friday (October 3).
Read also: Indonesia, Verra to sign MRA for carbon credits
The participating forestry concession holders include PT Nusantara Raya Solusi, PT Global Alam Nusantara, PT The Best One Unitimber, PT Gemilang Cipta Nusantara, PT Sinar Mutiara Nusantara, PT Rimba Makmur Utama (Units I & II), PT Mohairson Pawan Khatulistiwa, PT Menggala Rambu Utama, and PT Annisa Surya Kencana.
Collectively, these projects are expected to generate approximately 17.27 million tonnes of carbon credits, with issuances targeted by mid-2026. Hanif noted that the Verra-linked portfolio has drawn significant attention from international market participants.
“Most nature-based solutions are coordinated under Verra’s market. Once Verra signs, flows will follow,” he said.
In addition to the Verra deal, Indonesia also signed a Letter of Intent with Puro.earth. The country has previously concluded MRAs with Plan Vivo, the Global Carbon Council, and Gold Standard. According to Gold Standard, 29 Indonesian projects are registered under its system, 19 of which have been certified, generating around 4.6 million tonnes of CO₂ credits.
Hanif added that Indonesia is also preparing for participation under Article 6 of the Paris Agreement. Fourteen projects have been approved for transition from the Clean Development Mechanism (CDM) to Article 6.4, while another 60 proposals have been submitted under Article 6.2 through a bilateral framework with Japan.
On July 25, 2025, Indonesia signed a separate bilateral agreement with Norway in London under the Norwegian Article 6 Climate Action Fund (NACA), committing to supply 12 million tonnes of CO₂ equivalent from 2026 to 2035.
“With these partnerships, Indonesia aims to present an integrated carbon market at COP30,” Hanif said. “The value depends on how well we convince buyers.”
Editing by Reiner Simanjuntak