Outcome of “Forum on Promoting Business Engagement and Matching through the Joint Crediting Mechanism (JCM) to Expand Indonesia’s Carbon Market” Held in Jakarta, Indonesia | Press Release
(Member of the Joint Committee of JCM in Indonesia)
● This presentation will introduce the JCM framework from Indonesia’s perspective, highlighting its structure, implementation process, and contribution to the country’s NDC. The presentation will also touch on how the JCM supports technology transfer, private sector engagement, and cooperation under Article 6 of the Paris Agreement.
● This Presentation will provide an overview of Japan’s climate policy and how the Joint Crediting Mechanism (JCM) contributes to achieving its updated NDC. It will highlight recent developments including the GX-ETS, which allows private sector use of JCM credits, and explain the JCM’s alignment with Article 6.2 of the Paris Agreement. The expansion of private-led JCM projects and efforts to mobilize international climate finance will also be introduced.
● A notable recent development in the JCM in Indonesia is the adoption, in December 2024, of rules and guidelines for CCS and CCUS, enabling the country to pursue technology-based removal activities under the JCM. The Ministry of Economy, Trade, and Industry (METI) of Japan will present an overview of these rules and guidelines.
● This session will present the MRA between Japan and Indonesia, which strengthens coordination and trust in JCM implementation, including MRV processes. It will also introduce Indonesia’s SPEI and its linkage with MRA. These developments may offer future synergies with domestic carbon market efforts, supporting transparency and investment readiness.
● Q&A and Discussion
(Presentations on project examples: 5 minutes from each company)
● Technology-based Solutions
○ CCUS: “Tangguh CCUS” Ms. Reza Radityastuty, Head of Business Development Indonesia, bp
○ Waste Management
○ “Waste-to-Energy (Efficient Mitigation of Landfill Issue and GHG)” by Mr. Yasukazu Aono, Director, PT Kanadevia Indonesia
○ “Addressing Climate Finance through the JCM” Mr. Daichi Hirose, Partner, SDG Impact Japan Inc.
○ Other hard-to-abate sectors and high-impact mitigation options
○ “Comprehensive Geothermal Utilization Through Innovative Technologies and Approaches” by Mr. Hong-Seok Choi, Project Engineer- Business Coordinator, Carbon Neutral Division Next Generation Energy Project Development Department, Toyo Engineering Corporation
○ “Carbon Zero for the C&I Market: Integrated Solutions from Rooftop Solar and Beyond” Mr. Yasuharu Tokumasu, Senior Vice President, Alamport. Inc.
● Nature-based Solutions
○ Peatland: “Restoration and Management of Degraded Peat Ecosystems in Central Kalimantan Province” by Mr. Masashi Hara, Leader, PT. Sumitomo Forestry Indonesia
○ AWD: “Farming the Future: Leveraging Agriculture-based Carbon Credits for Sustainable Agriculture”, by Ms. Akiko Namiki, Deputy Director Philippines Business, Faeger. Co. Ltd (online)
○ REDD+ “Unlocking NbS in JCM through Carbon Project Development and Assessment Support” by Mr. Shunji Minode, Carbon Finance Specialist, Sustainacraft Inc.
○ Biochar: “From Local Soil to Global Stability: Biochar’s Contribution to Food Security and Resilience”, Dr. Putri Rizka Lestari, Lead Market Development & Innovation, PT. Terra Baru Indonesia
○ NbS: ”Wetland Ecosystems for Climate Action” Mr. Nurul Iman Suansa, Climate Technical Manager, ACT Group
● Summary of key opportunities, needs, and matching potentials highlighted in the pitch presentations
● Practical guidance and next steps for business matching and individual meetings
10 booths for the private companies which conducted business pitch presentations, 1 Japanese Government Inquiry desk, 1 Indonesian Government Inquiry desk (12 desks in total) x 9 slots x 15 mins
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