Connection

popular articles

Enel and Masdar sign partnership agreement for solar power plants in Spain
Drax criticized for its GHG emissions at the heart of a new controversy
Switzerland plebiscites law to accelerate renewable energies
ELYgator and CurtHyl supported by The Hague
Hungary’s MOL leverages its mature field expertise in Azerbaijan

Indonesia and Japan: First Bilateral Mutual Recognition Agreement for Carbon Trading

Indonesia and Japan establish a historic collaboration for carbon credit trading under the Paris Agreement, enhancing transparency and international environmental standards.

Please share:

Indonesia and Japan have signed a Mutual Recognition Arrangement (MRA) for bilateral carbon trading. This agreement, effective since October 28, was announced during the United Nations Climate Change Conference (COP29) in Azerbaijan, according to a statement from Indonesia’s Ministry of Environment on November 12.

This MRA is the first global model of bilateral collaboration under the framework of Article 6.2 of the Paris Agreement. It aims to align the national carbon credit systems of both countries, including methodologies for calculating emission reductions, monitoring systems, and carbon credit certification. In Indonesia, this process is referred to as Sertifikasi Pengurangan Emisi GRK Indonesia (Greenhouse Gas Emission Reduction Certification).

A framework established since 2021
Carbon trading implementation in Indonesia is based on Presidential Regulation Number 98 of 2021. This regulation introduces the concept of “carbon economic value” and oversees initiatives such as carbon trading to achieve Nationally Determined Contributions (NDCs). Under the MRA, Indonesian carbon credits will be recognized as equivalent to Japan’s, provided they adhere to Indonesian environmental standards.

Transparency and integrity
The agreement emphasizes principles of transparency and consistency in carbon credit transactions. The distribution of generated credits will be determined by mutual agreement between the two governments, who will jointly oversee project implementation.

A strengthened collaboration
Since 2013, Indonesia has collaborated with Japan through the Joint Crediting Mechanism (JCM). However, until now, these projects were not fully registered in Indonesia’s National Registry System. With the MRA’s implementation, all JCM projects must now be completely registered and comply with Indonesia’s greenhouse gas emission reduction certification system.

Inventory of JCM projects
To ensure a smooth transition, Indonesia’s Ministry of Environment, along with the JCM Secretariat, plans to conduct an inventory of existing projects by the end of 2024. This initiative will include analyzing previously generated credits, ongoing projects, and Japan’s future investment plans in Indonesia’s emission reduction projects.

Register free of charge for uninterrupted access.

Publicite

Latest news

The EU Targets Rosneft and 52 Russian Ships to Counter Sanctions Evasion
The EU claims readiness for winter with high gas reserves and reduced consumption
Trump’s Proposed 25% Tariffs Could Disrupt North American Trade
Energy Permits: Congress Delays Reforms Until the Next Session
The U.S. Supreme Court examines California’s right to impose electric vehicle quotas

Recently published in

China: Ambitious Expansion of Carbon Markets Planned for 2025

In 2025, China plans to expand its carbon market by integrating steel, cement, and aluminum sectors while introducing new methodologies for carbon credits. A strategic overhaul will also aim to better address international requirements.
Technip Energies wins a billion-dollar contract for a gas-fired carbon capture plant in the UK
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
en_1140829540
Technip Energies wins a billion-dollar contract for a gas-fired carbon capture plant in the UK
Technip Energies, in partnership with GE Vernova and Balfour Beatty, is building the UK’s first gas-fired plant equipped with a carbon capture system, marking a significant step in reducing industrial emissions.
en_1140829540
Maritime transport: a pillar for cross-border CO2 capture
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
en_1140811540
Maritime transport: a pillar for cross-border CO2 capture
Maritime transport is essential to cross-border carbon capture and storage initiatives in Asia-Pacific, with projected annual volumes reaching 100 million tons by 2050.
en_1140811540
Australian Carbon Credits Surge: A Market Under Pressure in 2025
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
en_1140785540
Australian Carbon Credits Surge: A Market Under Pressure in 2025
With annual emissions thresholds declining and methodological delays, carbon credit prices in Australia are expected to soar in 2025, drawing attention from market players.
en_1140785540

SLB Capturi inaugurates the world’s first industrial carbon capture plant at a cement facility

SLB Capturi has completed the construction of the world's first industrial-scale carbon capture plant for Heidelberg Materials in Norway. A major breakthrough that will reduce up to 400,000 tons of CO2 annually in the cement sector.
Australia Needs to Reduce 15 Mt of Emissions Annually to Reach 2030 Target
Australia must cut 15 megatons of its annual emissions to achieve its 43% reduction target by 2030. Investment mechanisms and carbon credits will play a key role in this ambitious effort.
en_1140659540
Australia Needs to Reduce 15 Mt of Emissions Annually to Reach 2030 Target
Australia must cut 15 megatons of its annual emissions to achieve its 43% reduction target by 2030. Investment mechanisms and carbon credits will play a key role in this ambitious effort.
en_1140659540
New Zealand: Partial Sale Expected for Final 2024 Carbon Auction
New Zealand's final carbon auction of 2024, scheduled for December 4, is expected to see partial clearance, with prices exceeding NZ$64/tCO2e and an anticipated increase for 2025.
en_1140636540
New Zealand: Partial Sale Expected for Final 2024 Carbon Auction
New Zealand's final carbon auction of 2024, scheduled for December 4, is expected to see partial clearance, with prices exceeding NZ$64/tCO2e and an anticipated increase for 2025.
en_1140636540
Western Australia accelerates its CCUS plan with a $16.9 million grant
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
en_1140566540
Western Australia accelerates its CCUS plan with a $16.9 million grant
Western Australia unveils an ambitious action plan for carbon capture, storage, and utilization (CCUS), supported by $16.9 million in funding, aiming to achieve carbon neutrality while boosting its economy.
en_1140566540

COP29: Adoption of Article 6 Rules

COP29 marks a milestone for carbon markets with the adoption of crucial rules for Article 6 of the Paris Agreement. These advancements promise transparency and attractiveness for international carbon credits.
Hanwha Power Systems and TC Energy partner to develop sCO₂ energy generation
Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
en_1140569540
Hanwha Power Systems and TC Energy partner to develop sCO₂ energy generation
Hanwha Power Systems and TC Energy collaborate to commercialize a waste heat recovery technology based on supercritical CO₂, aiming to produce zero-carbon energy within pipeline infrastructures.
en_1140569540
India: A Carbon Market to Reduce Industrial Emissions
India is preparing to launch an ambitious Carbon Credit Trading Scheme (CCTS) focused on reducing industrial emissions intensity. This initiative, planned for 2026-27, could transform emission management nationwide.
en_1140535540
India: A Carbon Market to Reduce Industrial Emissions
India is preparing to launch an ambitious Carbon Credit Trading Scheme (CCTS) focused on reducing industrial emissions intensity. This initiative, planned for 2026-27, could transform emission management nationwide.
en_1140535540
The EU Approves a Certification Framework for Carbon Capture
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
en_1140534540
The EU Approves a Certification Framework for Carbon Capture
The European Council has approved a regulatory framework to certify carbon capture and storage activities, a significant milestone toward the EU's 2050 carbon neutrality target.
en_1140534540

Saudi Arabia: Launch of a Carbon Credit Exchange to Support Decarbonization Efforts

Saudi Arabia, the world’s largest oil exporter, has inaugurated its first carbon credit exchange platform during COP29 in Baku, aiming to bolster its decarbonization efforts and diversify its economy.
Occidental develops a CO₂ pipeline network in Southeast Texas
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
en_1140184540
Occidental develops a CO₂ pipeline network in Southeast Texas
Occidental Petroleum, in partnership with Enterprise Products Partners, is setting up a CO₂ pipeline network in Southeast Texas to transport captured emissions, thus supporting carbon capture and storage projects in the Houston area.
en_1140184540
EUs CBAM: Limited Impact on Asian Voluntary Carbon Credits and Product Prices
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
en_1140148540
EUs CBAM: Limited Impact on Asian Voluntary Carbon Credits and Product Prices
The European Union's Carbon Border Adjustment Mechanism (CBAM) could have little effect on Asia’s voluntary carbon market and minimal impact on finished product prices, according to experts at the Asia Climate Summit.
en_1140148540
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540
The Asia-Pacific Faces Carbon Capture Challenges to Reduce Upstream Emissions
With growing emissions in the oil and gas sectors, the Asia-Pacific is exploring carbon capture and storage (CCS) solutions to meet climate goals, but the lack of a unified strategic framework hinders progress.
en_1140143540

France: Abandon of the Pycasso Project, a Contested Strategy for the Lacq Basin

The Pycasso project, aimed at storing CO2 to decarbonize industry in the Lacq Basin, has been abandoned. A lack of dialogue and risks to existing industries were key factors in this controversial decision.
Japan, future leader of captured CO2 trade in Asia-Pacific by 2050
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
en_114094540
Japan, future leader of captured CO2 trade in Asia-Pacific by 2050
Japan is projected to become the leading hub for captured carbon (CO2) trade in the Asia-Pacific region by 2050, according to Wood Mackenzie, with government investment and policy support being crucial to this goal.
en_114094540
Singapore Co-Funds Studies on Carbon Capture and Storage (CCS): A Step Towards Carbon Neutrality by 2050
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
en_114054540
Singapore Co-Funds Studies on Carbon Capture and Storage (CCS): A Step Towards Carbon Neutrality by 2050
Singapore is stepping up its efforts to achieve carbon neutrality by 2050 by co-funding feasibility studies on carbon capture and storage (CCS) in its power plants. This key project aims to reduce emissions while ensuring the country's energy security.
en_114054540
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540
Malaysia Sets 2026 Carbon Tax, Reaffirms Decarbonization Goals in Budget 2025
Malaysia will introduce a carbon tax in 2026 targeting the steel, iron, and energy industries, in line with its emission reduction ambitions. This measure aligns with the EU's Carbon Border Adjustment Mechanism.
en_114050540

The UN Adopts Pioneering Standards to Accelerate the Voluntary Carbon Market

The body overseeing Article 6.4 of the Paris Agreement has adopted unprecedented standards for project methodologies and carbon removals, facilitating the operationalization of global voluntary carbon markets.
Ending Coal Use Through Carbon Credits?
A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
en_1140770772540
Ending Coal Use Through Carbon Credits?
A Rockefeller Foundation-led initiative aims to prematurely close coal-fired power plants in developing countries using carbon credits to reduce CO₂ emissions.
en_1140770772540
Multinational Corporations Increase Investments in China’s Carbon Market
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
en_1140290926540
Multinational Corporations Increase Investments in China’s Carbon Market
Large international companies are intensifying their investments in Chinese carbon credits, attracted by the extension of the national system and the growth potential of new projects.
en_1140290926540
Sultan Al Jaber calls for ambitious NDCs before COP29
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Design sans titre-304
Sultan Al Jaber calls for ambitious NDCs before COP29
COP28 President Sultan Al Jaber calls on governments to submit ambitious NDCs to accelerate global decarbonization, relying on technology investment and innovation to reach the 1.5°C climate target.
Design sans titre-304

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS