OJK Pledges Support for National Forestry Carbon Market Development

RRI.CO.ID, Jakarta – The Indonesian Financial Services Authority (OJK) has pledged support for the development of a national carbon market in the forestry sector. The commitment was conveyed by OJK Chair Friderica Widyasari Dewi during the launch of the Indonesia Forestry Carbon Hub on Monday, July 6, 2026.

She noted that OJK has issued the Indonesia Sustainable Finance Taxonomy (TKBI) and prepared a financing playbook to guide carbon project funding.

“We continue to strengthen regulation and oversight of carbon exchanges through revisions to POJK No. 14/2023, while exploring carbon-based financial products,” she said, as quoted by Antara.

Friderica explained that such products could leverage cash flows from forestry carbon credit sales, with financing schemes designed to ensure fair economic benefits for local communities safeguarding forest areas.

Special Presidential Envoy for Climate and Energy Hashim Djojohadikusumo highlighted the hub’s broader purpose as a gateway for investment in restoring degraded land.

The government targets rehabilitation of 12.7 million hectares, which he said holds significant potential for generating carbon credits. “We invite global investors to participate in land restoration, with certified carbon credits as credible returns,” Hashim added.

The government expects that a carbon trading ecosystem--supported by registration systems, regulations, and financing--will attract green investment and accelerate achievement of Indonesia’s FOLU Net Sink 2030 target of net-zero emissions in the forestry sector. (Gusti Panji)