Carbon Asset Development

Carbon appears on a balance sheet twice: as an asset that can be developed and sold, and as an exposure that has to be measured and reduced. This initiative works on the asset side.

It takes a project from feasibility through methodology, baseline, measurement, validation and verification to issuance, for forest carbon, peatland, agriculture and other ecosystem services. The work includes the land and tenure questions that decide who can claim the reductions, and the benefit-sharing arrangements that keep the communities involved.

The same work also serves companies managing their carbon liabilities, for example through nature-based solutions to offset residual emissions, as in our earlier assignment for Pertamina New and Renewable Energy.

Indonesia reset its carbon market rules in 2025 and 2026, and every project now has to fit the new framework.

Perpres 110/2025 and its sector rules, Permenhut 6/2026 for forestry and Permentan 18/2026 for agriculture, set out how projects are registered in SRUK, validated, verified and authorized, and which units can be sold abroad. POJK 10/2026 requires every unit traded on IDXCarbon to be recorded in SRUK first. Projects already in the pipeline have had to re-submit under the new terms.

A developer now has to plan for domestic SPE-GRK issuance, international standards such as Verra and Gold Standard, and Article 6 authorization together. Getting that choice right at the design stage is what decides whether a project reaches a buyer.