Press Release

September 05, 2025

Global Environment

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

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1. The Ministry of the Environment (MOE) of Japan, together with the Coordinating Ministry for Economic Affairs and the Ministry of Environment of the Republic of Indonesia, hosted a business forum titled:

“Forum on Promoting Business Engagement and Matching through the Joint Crediting Mechanism (JCM) to Expand Indonesia’s Carbon Market”, in Jakarta, Indonesia, on August 21, 2025.

2. The forum introduced the JCM as a mechanism that contributes to achieving the Nationally Determined Contributions (NDCs) of both countries and expanding business opportunities. It also highlighted the Mutual Recognition Arrangement (MRA) between the environmental ministries of Japan and Indonesia as a key step in linking Indonesia’s domestic system with the JCM. Japan’s growing demand for JCM credits under the Green Transformation Emissions Trading System (GX-ETS) and the recent adoption of Carbon dioxide Capture and Storage / Carbon dioxide Capture, Utilization and Storage (CCS/CCUS) guidelines under the JCM were also presented.

3. During the business pitch session, ten Japanese and Indonesian companies presented a wide range of technology-based and nature-based project concepts, including CCUS, waste-to-energy, biogas, geothermal utilization, rooftop solar, peatland restoration, alternate wetting and drying (AWD), forest and wetland project development, biochar, and mangrove restoration. In the subsequent business matching session, the ten companies and government representatives from both countries engaged in individual discussions with stakeholders from Japan, Indonesia, and the broader Asia-Pacific region to explore the potential for JCM project development.

4. MOE Japan will continue to promote the expansion and acceleration of JCM utilization, contributing to Indonesia’s decarbonization efforts.

■ Overview of the Forum on Promoting Business Engagement and Matching through the JCM to Expand Indonesia’s Carbon Market

● Date and Time: August 21, 2025, 10:00–17:00 (Jakarta time)

● Venue: Pullman Hotel Jakarta (Central Jakarta), Indonesia

● Format: Hybrid (In-person and online)

● Organizers:
Ministry of the Environment (MOE) of Japan

Coordinating Ministry for Economic Affairs of Indonesia

Ministry of Environment of Indonesia

● Partner Organizations:

Institute for Global Environmental Strategies (IGES) / Paris Agreement Article 6 Implementation Partnership (A6IP) Center

Overseas Environmental Cooperation Center, Japan (OECC)

JCM Implementation Agency (JCMA)

JICA Indonesia Office

JETRO Jakarta Office

Jakarta Japan Club (JJC)

● Participants: Officials of the Indonesian Government, and representatives from Indonesian and Japanese companies, approx. 380 (230 in-person, 150 online)

● Languages: English and Indonesian (simultaneous interpretation was provided)

● Presentation Materials: Available here

https://a6partnership.org/training-events/forum-on-promoting-business-engagement-and-matching-through-the-joint-crediting-mechanism-jcm-to-expand-indonesias-carbon-market

■ Agenda:

Time	Program	Speakers and Presenters
Moderator: Mr. Kazuhisa Koakutsu, Director, A6IP Center, IGES
10:00-10:20	Opening remarks	Mr. Keitaro Tsuji, Director, Office of International Carbon Market, Global Environmental Bureau, MOEJ, Japan
10:00-10:20	Opening remarks	Mr. Boby Wahyu Hernawan, Head of the Center for Climate Finance and Multilateral Policy, Ministry of Finance, Indonesia (Member of the Joint Committee of JCM in Indonesia)
10:20-10:40	Introduction of JCM ● 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.	Mr. Cahyadi Yudodahono, Head, JCM Secretariat, Coordinating Ministry for Economic Affairs, Indonesia
10:40-11:00	Japan’s Climate Change Policy and latest development in JCM ● 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.	Mr. Keitaro Tsuji,　Director, Office of International Carbon Market, Global Environmental Bureau, MOEJ, Japan
11:00-11:10	Overview of JCM Rules & Guidelines for CCS and CCUS in Indonesia ● 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.	Mr. Norihiro Kimura (Online), Senior Negotiator for Climate Change, Global Environmental Affairs Office, GX Policy Group, Ministry of Economy, Trade and Industry (METI), Japan
11:10-11:25	Coffee Break
11:25-12:25	Mutual Recognition Arrangement (MRA) on JCM between Japan and Indonesia and SPEI ● 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	Ms. Maiko Uga, Program Manager for International Carbon Markets, Office of International Carbon Market, Global Environmental Bureau, MOEJ, Japan
12:25-13:25	Networking Lunch
Moderator: Mr. Jun Watanabe, Senior Researcher, OECC
13:25-14:20 (Presentations on project examples: 5 minutes from each company)	Pitch Presentations: JCM-Relevant Project Concepts from Japan and Indonesia ● 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
14:20-14:30	Introduction of JCM Global Match	Mr. Mitsuru Yamashiro, Senior Coordinator, JCM Secretariat Group, JCM Implementation Agency (JCMA), Japan
14:30	Key Takeaways and Session Summary ● Summary of key opportunities, needs, and matching potentials highlighted in the pitch presentations ● Practical guidance and next steps for business matching and individual meetings	Mr. Keitaro Tsuji, Director, Office of International Carbon Market, Global Environmental Bureau, MOEJ, Japan
14:45-18:00	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

■ Overview of Business Pitch Presentations:

As part of the forum, ten Japanese and Indonesian companies presented project concepts aligned with the Joint Crediting Mechanism (JCM), showcasing both technology-based and nature-based solutions.

Technology-based Solutions:

1. BP – Tangguh CCUS Project

A national strategic initiative at the Tangguh LNG site in Papua Province. The project aims to store up to 15 million tons of CO₂ annually.

2. Kanadevia – Waste-to-Energy

Exploring waste-to-energy solutions across 12 cities under Presidential Regulation No. 35/2018. The company is developing power generation technologies capable of handling low-calorific waste.

3. SDG Impact Japan – Biogas Project

A biogas project utilizing livestock manure is under consideration in West Java. The project is expected to reduce approximately 70,000 tons of CO₂ annually and contribute to the circular economy.

4. Toyo Engineering – Comprehensive Geothermal Utilization

Conducting feasibility studies in collaboration with Geo Dipa Energy. The project plans to introduce innovative closed-loop systems and green fuel integration.

5. Alamport – Rooftop Solar

Deploying 30 MWp of rooftop solar across Indonesia, with 16 sites already operational. Of these, 10.3 MWp are JCM model projects. Future plans include battery storage and EV integration.

Nature-based Solutions:

6. Sumitomo Forestry Indonesia – Peatland Restoration

Implementing restoration activities over 18,000 hectares in Central Kalimantan Province. Joint surveys have been completed, and a management plan is under development.

7. Faeger – Alternate Wetting and Drying (AWD)

Promoting AWD practices in rice paddies, offering immediate financial incentives to farmers. Preparations for deployment in Indonesia are underway.

8. Sustainacraft – Forest and Wetland Project Development Support

Initiating feasibility studies for forest conservation and REDD+ projects. Supporting NbS project development in Indonesia in collaboration with investors.

9. Terra Baru – Biochar

Planning biochar deployment at 10 sites using agricultural residues. Trials across multiple crops have been completed, with the goal of credit issuance.

10. ACT Group – Peatland and Mangrove Restoration

Restoration projects are being conducted in Central, North, and East Kalimantan, as well as Aceh Province. In collaboration with social forestry initiatives, the project aims to issue credits between 2027 and 2028.

■ Capacity Building Workshop on Article 6 Reporting:

On August 20, 2025, the day prior to the forum, the Institute for Global Environmental Strategies (IGES) and the A6 Partnership Center organized a capacity building workshop at the same venue (Pullman Jakarta Indonesia). The workshop targeted approximately 15 technical staff members from the Coordinating Ministry for Economic Affairs and the Ministry of Environment and Forestry of Indonesia. The session focused on the reporting procedures and requirements under Article 6 of the Paris Agreement, aiming to enhance institutional readiness and implementation capacity.

Contact

Office for the Joint Crediting Mechanism and International Carbon Market, Global Environment Bureau, Ministry of the Environment, Japan

Direct number: +81-3-5521-8246
E-mail: jcm-contact@env.go.jp