{
    "success": true,
    "data": {
        "id": 1619673,
        "msgid": "indonesia-becomes-first-nation-to-test-global-carbon-data-model-with-g20-support-1773737971",
        "date": "2026-03-17 15:24:40",
        "title": "Indonesia becomes first nation to test global carbon data model with G20 support",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Regulation",
        "summary": "Indonesia has signed a memorandum of understanding with the Climate Data Steering Committee to pilot a Common Carbon Credit Data Model endorsed by the G20, becoming the first country to integrate this global standard into its domestic carbon market system. Under Presidential Regulation No. 110 of 2025 on Carbon Economic Value, the government will incorporate this model into the development of the Carbon Unit Registry System, aimed at strengthening standardisation, transparency, and investor confidence in Indonesia's carbon trading mechanism. The pilot project builds on commitments made at COP30 in S\u00e3o Paulo and addresses key challenges such as data inconsistency and double-counting that have historically hindered carbon market integrity.",
        "content": "<p>Indonesia is committed to building a high-integrity carbon market\nthat supports national climate targets.<\/p>\n<p>Jakarta (ANTARA) - The government, through the Coordinating Ministry\nfor Food Affairs, has signed a memorandum of understanding with the\nClimate Data Steering Committee (CDSC) to pilot a carbon data model\nsupported by the G20 within the national system.<\/p>\n<p>The collaboration aims to strengthen standardisation and transparency\nof the national carbon market whilst designating Indonesia as the first\ncountry to test the Common Carbon Credit Data Model in a domestic\nsystem.<\/p>\n<p>\u201cIndonesia is committed to building a high-integrity carbon market\nthat supports national climate targets,\u201d said Nani Hendiarti, Deputy for\nFood Accessibility and Security Coordination at the Coordinating\nMinistry for Food Affairs, in a statement in Jakarta on Tuesday.<\/p>\n<p>Under Presidential Regulation No.\u00a0110 of 2025 on Carbon Economic\nValue (NEK), the government is integrating the model into the\ndevelopment of the Carbon Unit Registry System (SRUK).<\/p>\n<p>This step aims to align the domestic carbon market with international\nbest practices and enhance investor confidence in Indonesia\u2019s carbon\ntrading mechanism.<\/p>\n<p>\u201cBy piloting this global data model, we ensure Indonesia\u2019s leadership\nin climate action, protect natural resources, whilst opening\nopportunities for sustainable development for the community,\u201d said\nNani.<\/p>\n<p>CDSC Chair Mary Schapiro viewed Indonesia\u2019s action as an important\nmilestone in providing high-quality climate data as a global public\ngood.<\/p>\n<p>According to her, implementation of the model demonstrates how global\nstandards can be effectively applied within a national context.<\/p>\n<p>The carbon data model is designed to address key challenges in the\ncarbon market, namely the lack of data standardisation across systems,\nwhich has long hindered transparency and accountability.<\/p>\n<p>By providing a uniform data framework, the model is expected to\nprevent double-counting and facilitate the due diligence process for\ncarbon market actors.<\/p>\n<p>This pilot project follows up on commitments agreed at COP30 in S\u00e3o\nPaulo, Brazil, to strengthen the integrity of the global carbon\nmarket.<\/p>\n<p>The ministry noted that more than 35 jurisdictions and private sector\nplayers have expressed interest in adopting a similar approach to carbon\ndata management.<\/p>\n<p>Through this partnership, the government is optimistic about\ndelivering a more efficient and transparent carbon market that becomes\none of the main pillars in achieving national emission reduction\ntargets.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indonesia-becomes-first-nation-to-test-global-carbon-data-model-with-g20-support-1773737971",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}