Indonesia Carbon Market Regulations

This is the demand side of your market. Because the tax rate floors at the market price, a credible exchange price is what makes the tax bite — and a covered emitter facing the tax is a buyer for your units. Commencement was set for 1 April 2022, then deferred; treat the timetable, not the law, as the open question.

Enacted 2021; commencement deferred to 2025 on grounds of post-pandemic conditions and infrastructure readiness. Whether it has commenced in full needs checking against the current Kemenkeu position.

The consequence is jurisdictional and it matters: the moment your units reach the exchange they are a securities-law object, not only an environmental one. Intermediation, disclosure and licensing follow capital-market rules, which is why POJK 14/2023 exists at all.

This is the instrument to read first. Four things change your project economics: trading no longer waits on the NDC; the export route is open; a Verra or Gold Standard certification is now an asset rather than an obstruction, provided you also sit in the national registry; and the offset pathway is explicitly available to you even if you are not a capped Entity. The compliance sequence for a voluntary unit is fixed — submit the mitigation action design to the relevant ministry for recordation, obtain independent validation, implement, obtain independent verification, submit the verification report; the ministry then recommends issuance and the Minister of Environment issues the SPE-GRK.

The government signed Mutual Recognition Agreements during 2025 with Verra, Gold Standard, Plan Vivo and the Global Carbon Council. Confirm the current list and the terms of each before relying on one.

Historical, but you still need it. Contracts, MRV arrangements and registry entries written between late 2021 and October 2025 were built on this text, and its approval requirement is the reason the export route was closed in practice. Read it to understand what the transitional provisions of Perpres 110/2025 are transitioning from.

The working manual for anyone who registered a project before late 2025 — SRN-PPI entry, MRV expectations and the certificate route all sit here. Its relationship to the new SRUK and to Perpres 110/2025 is the single most important thing to establish before you rely on any procedure in it.

Issued under the now-revoked Perpres 98/2021. Whether it has been amended, replaced or left standing needs confirming.

If your project is forest or peat, this is your operative regulation. The practical constraint is not the rule but the capacity behind it: roughly twelve accredited VVBs against a pipeline measured in hundreds as of mid-2026. Book verification capacity early and treat the VVB queue as a schedule risk on the critical path, not an administrative step.

Unglamorous and decisive. Your units cannot be internationally transferred unless the registry chain reconciles, and this is the regulation that sets the data discipline making that possible. Build your monitoring records to its formats from the start; retrofitting a dataset to a registry schema after verification is expensive.

The compliance market that gives the whole system a genuine buyer. Generators short of their cap must acquire units, and their cost of compliance is the practical ceiling on what any project can charge. If you are selling into the domestic market rather than exporting, this regulation determines your customer’s willingness to pay.

Institutional, not operational — but it tells you who arbitrates when environment, energy and finance read the framework differently, which in this system they do. Worth knowing before you escalate anything.

The coordinating ministry was restructured after 2024. Confirm which ministry now holds this mandate and whether the committee has been reconstituted.

Read this as market infrastructure rather than project regulation. It determines who may stand between you and a buyer, and on what terms. The exchange records ownership and transfer — IDX Carbon in practice, connected directly to SRN-PPI and now SRUK — so your unit’s legal title and its registry entry have to agree. If you intend to intermediate rather than develop, OJK licensing is the long pole: practitioners report nine to fourteen months from incorporation to first trade, and the constraint is the OJK review, not company registration.

POJK 22/2023 is also cited in relation to securities-firm licensing for carbon intermediaries. Confirm its scope before relying on it.

The export premium sits here, and so does the paperwork. An authorised ITMO commands a different price from an unauthorised voluntary credit, because the host country gives up the reduction against its own target. Indonesia is building the connective tissue — an Article 6 methodology panel and a national nesting framework — so a project designed today should be designed to be nestable and authorisable even if you intend to sell voluntary first. Verra said in July 2026 it expects to issue at least 20 million tonnes CO₂e from three Indonesian forestry projects under the updated rules, which is the clearest signal yet that the route works.