Ministry of Environment Refines Global-Standard Biodiversity Credit Instruments
Jakarta (ANTARA) - The Ministry of Environment (KLH) has stated that global-standard Biodiversity Credit instruments are being continuously refined as a form of credible green financing from the private sector.
In a statement confirmed from Jakarta on Thursday, the Minister of Environment/Head of the Environmental Management Agency (BPLH), Moh Jumhur Hidayat, noted that as one of the countries with the greatest biodiversity in the world, Indonesia faces the primary challenge of translating the extraordinary potential of its ecosystems, species, and genetic resources into effective economic and policy instruments for public welfare.
“Indonesia believes that the development of biodiversity credits must be built upon three main principles: scientific integrity, social inclusion, and transparent governance,” said Minister Jumhur.
He emphasised that the government fully recognises that global biodiversity targets cannot be achieved independently. The KLH/BPLH continues to encourage the private sector to increase its direct contribution through green investments to support community-based conservation.
At the same time, the policy establishes the position of local and indigenous communities with honour as the front-line guardians of nature and holders of valuable traditional knowledge.
The benefits derived from nature conservation must be shared equitably. This fair and responsible economic value serves as meaningful recognition for those who maintain environmental sustainability.
The hosting of the International Advisory Panel on Biodiversity Credit (IAPB) Policy Forum in Jakarta serves as a crucial momentum for Indonesia to exchange experiences in preparing a national biodiversity credit framework, while simultaneously strengthening global collaboration to achieve the Kunming-Montreal Global Biodiversity Framework.
Discussions within this policy forum are expected to provide a tangible contribution to the world’s preparations for the Conference of the Parties (COP) 17 of the Convention on Biological Diversity (CBD) in Armenia.
Furthermore, as evidence of a strong commitment to the biodiversity agenda, Indonesia has announced plans to consider a bid to host the CBD COP 18 in 2028.
Minister Jumhur expressed specific appreciation to the Governments of the United Kingdom and France, members of the IAPB Policy Forum, and all national and international partners.
Appreciation was also extended to the Indonesia Taskforce for the Development of the Biodiversity Credit Framework for its ongoing support in formulating this strategic instrument.