WASHINGTON – Jul. 6, 2026 | Following the operationalization of Indonesia’s national carbon market, Verra is preparing to issue carbon credits to three Indonesian forestry projects that have fulfilled all regulatory requirements and received the necessary approvals under the country’s updated carbon market regulations.

Collectively, Verra anticipates issuing at least 20 million tonnes of CO2 equivalent in emission reductions over the respective verification periods to the Katingan Peatland Restoration and Conservation Project (Verra Project 1477), the Sumatra Merang Peatland Project (SMPP) (Verra Project 1899), and The Mayas Project (Verra Project 3591).

“I congratulate the Indonesian government for developing a model that supports the growth of high-integrity carbon projects and reinforces national oversight and accountability, while also demonstrating interoperability. By combining the rigor and global reach of an independent crediting program like Verra's with the transparency of Indonesia’s domestic registry system, project developers and buyers alike can have greater confidence and trust in the market. Ultimately, this will help scale emission reductions while channeling climate finance to communities across Indonesia.”

Mandy Rambharos, CEO, Verra

Under the relevant regulations, forestry projects must be registered with and obtain approval from the Ministry of Forestry to ensure alignment with the country’s national climate accounting framework and emission reductions commitments. Once the ministry’s approval has been obtained, Verra can complete the approval of emission reductions and issue the corresponding number of credits.

All three projects have secured the required approvals under the country’s updated carbon market regulations, with Verra supporting the Ministry of Forestry to ensure regulatory alignment.

“Today’s launch of the first forestry carbon credits under our reformed national carbon market regulations represents a significant step forward in Indonesia’s climate and sustainable development agenda. By aligning international best practices with our robust domestic oversight, we are demonstrating that high-integrity carbon markets can deliver real, measurable emissions reductions while upholding full national accountability. We welcome the close collaboration with Verra and the collective commitment to scale nature-based solutions. This milestone not only supports our Nationally Determined Contribution but also ensures that climate finance flows meaningfully to our communities, safeguarding our forests and peatlands for the benefit of present and future generations.”

Laksmi Wijayanti, director general of sustainable forest management at the Ministry of Forestry

Indonesia will also track the credits issued to these projects through its domestic registry for national reporting purposes. To support this process, Verra and the Ministry of Forestry, together with the relevant Indonesian government agencies, are working together to enable seamless data sharing between the Verra Registry and Indonesia’s national registry system through an API connection.

Contact:

Media Inquiries: Erdem Koch | media@verra.org

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Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges. As a mission-driven nonprofit organization, Verra is committed to helping reduce greenhouse gas emissions, improve livelihoods, and protect natural resources by working with the private and public sectors. We support climate action and sustainable development with standards programs and tools that credibly, transparently, and robustly assess environmental and social impacts and enable funding for sustaining and scaling up projects that verifiably deliver these benefits.

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