Indonesian Political, Business & Finance News

Environment Minister Invites Business World to Engage in Developing Biodiversity Credits

| Source: ANTARA_ID Translated from Indonesian | Environment
Environment Minister Invites Business World to Engage in Developing Biodiversity Credits
Image: ANTARA_ID

Jakarta (ANTARA) — Minister of Environment Moh Jumhur Hidayat has invited Indonesian business players to become involved in biodiversity credits, as part of an effort to shift the paradigm towards economic activities that support environmental conservation.

“So the paradigm of building and damaging the environment is something we are gradually shifting. This is a concrete example. Building the economy, economic growth, can also come about through environmental conservation,” said the Environment Minister and Head of the Environmental Control Agency (BPLH), Jumhur Hidayat, at the Indonesia Biodiversity Business Forum in Jakarta on Thursday.

The minister explained that this paradigm shift is evident not only in the rapid growth of carbon trading, but also in the development of biodiversity credits — an instrument that promotes species protection, ecosystem restoration, improved habitat quality, and broader participation in supporting Indonesia’s biodiversity conservation.

Biodiversity credits are intended to add value to environmental conservation and species protection efforts through various approaches, including compensation schemes, offsets, and voluntary contributions.

To this end, the Ministry of Environment invited the business community to explore the issue in depth at the event, encouraging them to look beyond carbon trading and consider biodiversity credits as well.

“Because I would like, if possible, Indonesians to first master the game in this business, in these environmental matters. That does not mean we are closing ourselves off — we remain open to anyone internationally — but we must not be left behind,” said Minister Jumhur Hidayat.

Indonesia is currently developing biodiversity credits, with the government, together with national and international stakeholders, discussing the policy direction, methodology, and governance needed to build a credible, high-integrity biodiversity credit scheme that delivers real benefits for both nature and society.

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