Indonesia's carbon trading ecosystem goes live with SRUK registry, envoy says it funds 100 GW solar buildout

Indonesia's special presidential envoy for energy and climate, Hashim Djojohadikusumo, announced that the country's national carbon trading ecosystem is now fully operational. Key instruments include the Carbon Unit Registration System (SRUK) and approval from the Ministry of Forestry for carbon units under the Non-Greenhouse Gas Emission Reduction Certificate scheme. The envoy stated the system has been awaited since the Paris Agreement in 2015 and has already drawn international praise for its rapid rollout. Revenue from carbon trading is expected to directly fund Indonesia's target of building 100 gigawatts of solar power capacity over the next decade. The government sees this as a strategic move to eliminate fossil fuel dependence and achieve 100 percent renewable electricity. The article highlights the collaboration across ministries and private stakeholders that enabled the quick implementation of the carbon market infrastructure.