Jakarta — Indonesia’s Ministry of Forestry reaffirmed its push to scale up climate action and develop high-integrity carbon markets during Ecosperity Week 2026 and the GenZero Climate Summit in Singapore, where it also formalised a REDD+ cooperation deal with the United Nations Environment Programme.
The ministry said on Friday, May 22, its participation in the forums reflects efforts to strengthen international collaboration on green investment and carbon finance, as governments, financiers and businesses gather to accelerate the transition to a sustainable economy.
On the sidelines, Indonesia and UNEP signed an implementing arrangement on Reducing Emissions from Deforestation and Forest Degradation (REDD+), following a 2024 memorandum of understanding. The agreement is expected to support results-based financing, carbon market readiness and the implementation of Article 6 of the Paris Agreement.
Officials said Indonesia is entering a “new chapter” in carbon markets, backed by regulatory reforms aimed at simplifying carbon credit issuance and strengthening integrity. A new forestry regulation issued in 2026 is designed to streamline processes while maintaining compliance with international standards, including safeguards on biodiversity, community participation and emissions accounting.
The government is also opening broader investment opportunities in the forestry sector, including large-scale restoration and emissions reduction programmes, as part of its climate commitments.
The ministry added that closer cooperation with international partners will be key to advancing Indonesia’s FOLU Net Sink 2030 target and nationally determined contribution (NDC), while ensuring carbon markets deliver credible climate and community benefits. (nsh)
Banner photo: Ministry of Forestry
