Hashim: Forestry carbon trading supports Indonesia's emission reduction targets

Jakarta - Presidential Special Envoy for Energy and Climate Hashim Djojohadikusumo has stated that forestry carbon trading can support the national emission reduction targets. “This implementation is expected to serve as an entry point for strengthening Indonesia’s carbon market while supporting the national emission reduction targets,” Hashim said in a joint statement with the Ministry of Forestry in Jakarta on Monday. This follows the launch of the Minister of Forestry’s Approval regarding the issuance of carbon units through the Non-Greenhouse Gas Emission Reduction Certificate (Non SPE-GRK) scheme. “The launch of forestry carbon trading through the Non-Greenhouse Gas Emission Reduction Certificate (Non SPE-GRK) scheme marks the beginning of carbon trading for projects that have met the requirements,” he stated. Hashim therefore expressed appreciation for the Ministry of Forestry’s performance in accelerating the implementation of carbon trading. According to him, the carbon trading programme is one of the government’s fastest-realised policy implementations. “I can say that the programme is now complete and we are now implementing it,” Hashim said. He acknowledged that the implementation phase certainly presents challenges in the field. However, Hashim assessed that the forestry carbon trading programme has the potential to become one of the quickest and most perfect programmes. He explained that this success was born from collaboration among various ministries, agencies, and stakeholders working within a single ecosystem. “This programme is cross-departmental, cross-ministerial, cross-agency, cross-sectoral, and it is the most successful. This is extraordinary, we are proud,” Hashim continued. Hashim specifically expressed appreciation to Minister of Forestry Raja Juli Antoni, who was deemed capable of accelerating the implementation of carbon trading to produce projects ready for trading. As a result, he noted, the launch of the Carbon Unit Registry System for carbon trading in the forestry sector can proceed directly on 9 July. “Next Thursday it will be launched, extraordinary. We are proud of this,” he said.