Indonesia deepens carbon market integration with Verra and Gold Standard. (Source: Indoniesia Ministry of Environment and Forestry)
Indonesia’s government has taken another major step toward integrating with global carbon credit systems. On Oct. 2, it signed a Mutual Recognition Agreement (MRA) with Verra, one of the world’s leading carbon credit certification bodies.
The deal paves the way for Indonesia to unlock up to 50 million tons of carbon credits, while linking Verra’s registry with the country’s own carbon registration and monitoring system (SRN-PPI). The integration will help Indonesia better track progress toward its Nationally Determined Contribution (NDC) goals under the Paris Agreement.
Indonesia links SRN-PPI with Verra to strengthen NDC monitoring
According to Verra’s statement, carbon credit projects in Indonesia can now seek Verra certification through the MRA, simplifying dual registration and enabling data sharing between both systems. This alignment is expected to expand Indonesia’s access to climate finance and improve carbon market transparency.
