Scaling Indonesia’s carbon market with Dr. Riza Suarga
In the second episode of our Indonesia series, we dive straight into how Indonesia can scale its emerging carbon market and become a leader in the carbon capture and storage industry.
Murray and Stuart are joined by Dr. Riza Suarga, Chairman of the Indonesian Carbon Trade Association to discuss carbon pricing, the role of the Indonesian carbon exchange and how the market can align to the international carbon standards like Verra.
Read Dr. Riza’s whitepaper on scaling Indonesian carbon market produced with PwC here.
Key takeaways:
- Indonesia has a unique opportunity to lead in nature-based carbon solutions.
- The energy transition in Asia paves the way for offsets collaboration between Indonesia and countries like Japan and Singapore.
- High integrity MRV frameworks are essential for market growth.
- Biodiversity and community benefits are key differentiators for carbon projects.
- Private sector involvement is necessary for scaling carbon projects.
- Indonesian carbon standards must be interoperable with international carbon standards like Verra VCS to facilitate market growth.