Session > CARBON CONNECTION FOR CLIMATE ACTION
The 2025 UN Climate Change Conference-Belem (COP30/CMP20/CMA7) provides Indonesia with a significant opportunity to demonstrate its readiness and capability to participate in the global carbon trading system. With the theme "Accelerating Substantial Actions of Net Zero Achievement through Indonesia's High Integrity Carbon," the Indonesian Pavilion plans to showcase concrete projects, build stronger partnerships, and foster meaningful discussions among parties and partners involved in the carbon market. The "Seller Meets Buyer" event is specifically designed as a leading, business-focused platform to effectively connect carbon credit providers with those who threaten them.
IDXCarbon has been awarded as Carbon Positive Awards 2025 by Green Cross United Kingdom, thus the purpose of this session is to connect IDX-listed companies, IDX member companies, and users of carbon exchange services, which act as providers of high-quality carbon units, with potential buyers from around the world. These buyers can include international corporations, financial groups, global organizations, and governments seeking credibility in achieving their climate targets aligned with the SPEI/SRN/Indonesia Scheme. By providing a hosted space for presentations, live discussions, and individual meetings, this session seeks to create significant opportunities for sustainable agreements, joint projects, and alliances.
Crucially, this session focused on implementing the plan, rather than simply discussing potential outcomes. The ultimate goal was to achieve tangible business outcomes by providing the resources and support needed for broader and more inclusive international carbon trading. By focusing on implementation, this event ensured that Indonesia's engagement would result in measurable progress, stronger partnerships, and sustained collaboration with stakeholders worldwide.
Besides making transactions easier, the Seller Meet Buyer event also helps to create transparency, confidence in the market, and a shared understanding of how Indonesia’s carbon market works. It highlights Indonesia’s proactive steps to bring its own rules, policies, and private sector involvement into line with global standards under Article 6 of the Paris Agreement. This alignment ensures that carbon credits issued by Indonesian organizations meet strict verification standards and truly help to reduce emissions.
Additionally, by making the Pavilion a center for sharing knowledge, exploring investment opportunities, and encouraging international teamwork, the session strengthens Indonesia’s broader climate diplomacy efforts. It emphasizes that Indonesia is dedicated not only to lowering its own emissions towards a low-carbon and climate resilience development, but also to taking a leading role in the growth of sustainable and trustworthy global carbon markets.
In conclusion, the Seller Meet Buyer event at COP30 is expected to produce clear business outcomes while improving Indonesia’s position in the international carbon market. By connecting sellers and buyers in a professional and transparent environment, the session will help turn climate goals into practical partnerships, promoting both global climate solutions and Indonesia’s long-term sustainable economic growth.
The "Carbon Connection for Climate Action" session at the Indonesia Pavilion COP30 successfully transitioned "from discussion to implementation" by hosting a dynamic B2B platform connecting Indonesia’s top-tier carbon project sellers with international buyers.
The session's clear focus on tangible business outcomes was exemplified by its main event: a Letter of Intent (LoI) signing ceremony between Pertamina New & Renewable Energy (PNRE) and Sumitomo Mitsui Banking Corporation (SMBC) Indonesia. The agreement confirmed SMBC Indonesia's commitment to procure 16,596 tCO2e of high-integrity carbon credits from Pertamina’s Lahendong Geothermal Power Plant.
Key highlights from the session:
• Keynote on Governance: Prof. Bambang Brodjonegoro set the stage by comparing the carbon market to the stock market, emphasizing that project integrity is paramount. He stated that the "quality of the asset will be the game changer" and urged Indonesian projects to manage their assets professionally to become "blue chip" investments for the world.
• Guardian of Quality: PT Anindya Wira Konsult presented its crucial role as an independent Validation and Verification Body (VVB). Acting as a "guardian of quality", they ensure project integrity by providing accreditation under both international (ISO) and national (KAN, Ministry of Environment and Forestry) standards, giving confidence to buyers.
Seller's Showcase: A Portfolio of High-Volume, High-Integrity Credits
The session showcased a robust pipeline of investable carbon projects from Indonesia's energy and nature-based solutions (NBS) sectors:
1. Pertamina NRE (Energy): As the first seller on the IDXCarbon exchange, Pertamina detailed its success, having sold 864,000 tCO2e (valued at ~$3 million) since 2023. They announced a new volume of ~465,000 tCO2e from their Lahendong Geothermal Plant (vintage 2021-2022) is "Available Soon".
2. Katingan Mentaya Project (RMU) (NBS): This world-leading peatland restoration project (157,875 ha) has already sold 38.5 million credits ($160.5M) from 2017-2022. It announced a new volume of 15.5 million tCO2e (vintage 2021-2023) is currently in the process of issuance.
3. Restorasi Ekosistem Riau (RER - APRIL) (NBS): This 130,000+ ha peatland ecosystem restoration project has 13.7 million tCO2e (vintage 2016-2020) validated and "ready for issuance".
4. Sumatra Merang Peatland Project (SMPP - PEGAL) (NBS): This 22,000+ ha peatland restoration project has issued 2.6 million credits and has an additional 3.4 million credits "ready to issue".
5. South Barito Kapuas (SBK) (NBS): This ~40,000 ha forest conservation project is targeting its first carbon credit issuance by March 2026.
6. Reforest'action (NBS Pipeline): This project developer presented a new Afforestation, Reforestation, Revegetation (ARR) project in Sumba, focused on restoring Sandalwood trees. With a potential of 6.4 million tCO2e over 40 years, the project is now actively "seeking investment" and "ready to sign offtake agreements".
“Global Mutirão” (collective efforts). The 30th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change. The conference aims to move from ambition to action, with a specific focus on implementation and results-oriented platforms where stakeholders can innovate, invest, and lead to accelerate climate progress.
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