WASHINGTON and JAKARTA, Indonesia — Oct. 2, 2025 | Verra and Indonesia have signed an agreement that formalizes their partnership to expand the country’s access to climate finance and strengthen the integrity of its carbon markets.
The Mutual Recognition Agreement (MRA) between Verra, the world’s leading standards setter for climate action and sustainable development, and Indonesia’s Ministry of Environment/Environmental Protection Agency (MoE/EPA) was signed today and is effective immediately.
The agreement opens Indonesia to enhanced carbon market investment, underpinned by Verra’s high-integrity carbon crediting program.
Existing and new projects registered with Verra’s Verified Carbon Standard (VCS) Program can now, in parallel, register in Indonesia’s carbon registry system, known as SRN-PPI. While Verified Carbon Units (VCUs) issued to these projects will continue to be managed in the Verra Registry, key information will be mirrored in SRN-PPI so Indonesia can maintain oversight over its climate mitigation efforts and the accounting related to its Nationally Determined Contributions (NDCs) under the Paris Agreement.
Signing the agreement today, Verra’s chief executive officer, Mandy Rambharos, said, “Indonesia, home to some of the world’s most critical tropical forests and biodiversity, is an important country in the global effort to reduce greenhouse gas emissions and it is poised to lead Southeast Asia in generating high-integrity carbon credits. We are honored to partner with this Indonesian government, which has taken key steps to build a national carbon market that reflects its commitment to national priorities and advances global sustainable development goals. This agreement marks an important shift toward collaboration and mutual recognition in the interest of global climate action that benefits the planet and people.”
Indonesia’s deputy minister of climate change and carbon governance (MoE/EPA), Ary Sudijanto, said, “This partnership is an important milestone forwards in harmonizing global and national climate efforts. Through this collaboration, we aim to enhance the integrity of our carbon markets, contribute to sustainable development goals, and accelerate our path toward meeting national and international climate targets.”