Indonesia targets Rp16 trillion in carbon trade at COP30

Belém, Brazil (ANTARA) – Indonesia aims to generate Rp16 trillion (about S$960 million) from carbon credit transactions during the 30th United Nations Climate Change Conference (COP30) in Belém, Brazil, officials said Friday.

Environment Minister Hanif Faisol Nurofiq said the Indonesian delegation hopes to sell 90 million tons of carbon credits from both nature-based and technology-driven sectors.

“We aim to achieve total transactions worth Rp16 trillion through forest and marine ecosystem credits, as well as energy and industrial projects,” he said at the Belém Leader Summit.

Nurofiq said the effort is part of Indonesia’s strategy to cut greenhouse gas emissions while spurring economic growth under Presidential Regulation No. 110 of 2025 on carbon economic value.

He urged delegates to use Indonesia’s “soft power” in international negotiations through the Indonesia Pavilion and related engagement forums at COP30.

The Belém Leader Summit, held Nov. 6–7, gathered global leaders to strengthen joint climate action.

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Indonesia’s delegation included Forestry Minister Raja Juli Antoni and Special Presidential Envoy for Energy and Climate Change Hashim Djojohadikusumo.

Djojohadikusumo told the summit that President Prabowo Subianto’s administration is accelerating efforts to reduce reliance on coal, expand renewable energy, and promote biofuels such as biodiesel and bioethanol.

These initiatives, he said, align with Indonesia’s long-term environmental sustainability goals.

The two-day summit served as a prelude to COP30, scheduled for Nov. 10–21 in Belém.

During the conference, Indonesia will open its pavilion to showcase emission reduction initiatives and host daily one-hour “sellers-meet-buyers” sessions to facilitate carbon trade deals.

Officials say the government’s ambitious carbon market agenda reflects Indonesia’s broader commitment to achieving its emission reduction targets and strengthening its role in the global green economy.

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