The potential value of Indonesia's carbon credit exports is enormous. By 2028, Indonesian carbon credit exports are projected to reach USD 65 billion, or approximately IDR 1,000 trillion. With such a significant value, carbon credits could become a new pillar of the Indonesian economy. The high potential value of carbon credit exports was discussed in a discussion at the Indonesia Carbon Market Academy (ICMA) held by the Indonesian Business Council (IBC) in Jakarta. The discussion stated that the Indonesian government is targeting potential revenues of up to USD 65 billion, or approximately IDR 1,000 trillion, from carbon credit exports by 2028. As one of the countries with the largest tropical forests in the world, Indonesia holds a strategic position in efforts to reduce greenhouse gas (GHG) emissions and in carbon trading.
Since its launch on September 26th, 2023, to July 11, 2025, IDXCarbon, the Indonesian Carbon Exchange, has recorded a total transaction volume of 1,599,326 tons of carbon equivalent, with a value of IDR 77.95 billion. Therefore, there is still ample room for carbon credit trading in Indonesia. IBC Chief Operating Officer William Sabandar stated that the first step to building a robust carbon market ecosystem is education. IBC launched ICMA to strengthen carbon credit education in Indonesia. ICM is a capacity-building program designed to produce competent carbon market players ready to compete globally."ICMA is built on three main pillars," William said in a statement on Saturday (July 26th). The first is strengthening education and shifting the mindset of industry players to focus on green solutions. The second is expanding the reach of the sustainability narrative through massive public outreach and communication, particularly through the media. "The third is encouraging active involvement in practical programs that support the energy transition and green growth initiatives," William explained.
