Indonesia to pilot global carbon data model to boost market transparency
Wednesday, March 18 2026 - 07:59 AM WIB
By Romel S. Gurky
The government has agreed on March 13 to pilot a global carbon data framework developed under the G20, in a move aimed at improving transparency and standardization in carbon markets.
The initiative, announced jointly with the Climate Data Steering Committee (CDSC), will see the country become the first government to test the Common Carbon Credit Data Model, a system designed to standardize how carbon credit data is recorded and shared.
The pilot will be conducted under the national carbon market framework established by Presidential Regulation No. 110/2025, including the development of the Sistem Registri Unit Karbon (SRUK), a digital registry for carbon credits.
The government said the model would be used to assess how standardized data structures could improve comparability, transparency and interoperability across domestic and international carbon markets.
Deputy Coordinating Minister for Food Affordability and Safety Nani Hendiarti said the initiative forms part of efforts to build a high integrity carbon market aligned with international standards.
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The Common Carbon Credit Data Model was developed through a multilateral process under the G20 Sustainable Finance Working Group to address the lack of consistent and comparable data in carbon markets.
The framework standardizes data across the entire lifecycle of carbon credits, from issuance to retirement, and incorporates features such as unique identifiers to track credits and reduce risks such as double counting.
Chair of the Climate Data Steering Committee Mary Schapiro said the pilot would help demonstrate how global standards can be implemented at the national level.
Carbon markets are increasingly seen as a mechanism to channel private investment into emissions reduction projects, but their growth has been constrained by fragmented data systems and varying reporting standards.
The CDSC said more than 35 jurisdictions and private sector participants have expressed interest in testing the framework as part of efforts to scale global carbon markets.
Editing by Alexander Ginting