At Climate Week NYC 2026, ICGD convened a closed-door High-Level Dialogue on implementing Indonesia’s carbon market, with the Ministry of Forestry, IETA/BPMI and the World Resources Institute.

Indonesia’s framework is now largely built: Presidential Regulation No. 110/2025, the national carbon registry (SRUK) live since July 2026, and Ministry of Forestry Regulation No. 6/2026 opening the way for forestry carbon projects.

Edo Mahendra, Principal Advisor to the Minister of Forestry, introduced Satu Karsa and the forest carbon projects in the Ministry’s portfolio, with developers presenting directly to investors in the room. Fajar Nuradi, Assistant Deputy for Food Production and Climate Change, and Nicholas Omar, Director of the National Steering Committee, set out progress on SRUK and the sectoral regulations. 

The architecture is in place. What determines whether Indonesia reaches the scale its climate and development goals require is what comes next: project preparation, financing structures, and governance investors can rely on. 

At London Climate Action Week 2026, ICGD, in partnership with Standard Chartered, co-hosted the High-Level Roundtable Accelerating Green Growth: Mobilizing Investment and Partnerships for Indonesia’s Climate Commitments and NDC.

Indonesia’s Enhanced Nationally Determined Contribution (NDC) is not only about reducing emissions. It is also a strategic pathway to strengthen economic competitiveness, attract investment, create green jobs, and unlock long-term prosperity. Delivering on it will require more than public financing: mobilizing private capital, strengthening sustainable finance ecosystems, developing bankable green projects, and building partnerships across sectors.

The discussion came at a pivotal moment, as developments such as the Carbon Border Adjustment Mechanism (CBAM) and growing investor demand for credible, climate-aligned opportunities reshape the green growth landscape. Senior government leaders, financial institutions, businesses, investors, and development partners from Indonesia and the UK came together to explore pathways to scale green investment, advance carbon market development, and support a resilient low-carbon economy. Minister Raja Juli, Minister Jumhur Hidayat, H.E. Edddy Soeparno along with British Ambassador to Indonesia and Indonesian Ambassador to England and Ireland were also present in the discussion.

ASEAN is poised to become one of the world’s most important sources of high-integrity carbon credits, projected to supply 1.1 gigatonnes of CO₂ by 2050. Its vast tropical forests, mangroves, peatlands, and coastal ecosystems make it home to some of the planet’s richest natural carbon sinks.

On 20 May 2026 at Ecosperity, ICGD co-hosted the high-level roundtable Building High-Integrity Carbon Markets Across ASEAN: From National Foundations to Regional Momentum, with Standard Chartered, the Green Investment Principles (GIP), and the ASEAN Alliance on Carbon Markets.

Speakers included Prof. Mari Elka Pangestu, President’s Special Envoy for Multilateral and International Trade; Rino Donosepoetro, OBE, CEO Indonesia at Standard Chartered Bank and Co-Chair of GIP ASEAN; and Fam Wee Wei, Director of the Carbon Mitigation Division and International Trade Cluster at Singapore’s Ministry of Trade and Industry. ASEAN country representatives also shared updates on their carbon market developments and priorities.

The discussion reaffirmed the region’s shared commitment to high-integrity carbon markets. It also highlighted an opportunity to build shared norms and collaborative infrastructure that strengthen the credibility of each country’s market, while respecting national policy priorities and sovereignty.