Financial Services Authority has announced plans to revise Indonesia’s carbon exchange regulations by introducing blockchain-based registry technology and integrating the system with the country’s national carbon registry infrastructure. The move is intended to accelerate the development of Indonesia’s carbon market while improving transparency, efficiency, and transaction traceability.
The proposed regulatory revisions were presented during a parliamentary hearing before Commission XI of Indonesia’s House of Representatives at the Parliament Complex in Jakarta on May 21, 2026. The initiative follows the implementation of Presidential Regulation No. 110/2025 concerning carbon pricing mechanisms, which requires adjustments to the existing OJK Regulation No. 14/2023 governing carbon trading through the national carbon exchange framework.
Blockchain Registry to Improve Transparency
Friderica Widyasari Dewi explained that the regulatory revision is being prepared in coordination with several ministries and government institutions to reduce the risk of double-counting in carbon credit transactions. She indicated that the updated framework is expected to accelerate the issuance and verification process for carbon units.
One of the major components of the proposed revision involves strengthening Indonesia’s decentralized carbon registry infrastructure through blockchain technology. According to the regulator, blockchain integration is expected to provide real-time access to transaction records and carbon unit data for market participants, improving overall market transparency and accountability.
Indonesia’s financial regulator plans to integrate blockchain-based registry technology into the country’s carbon exchange system to improve transparency, traceability, and operational efficiency.
The blockchain-enabled registry is also expected to enhance monitoring capabilities by creating a more secure and verifiable record of carbon credit ownership and transfers. Regulators believe this infrastructure could reduce administrative inefficiencies while supporting greater trust among investors and market participants.
Carbon Unit Registry System to Connect With Exchanges
OJK and related government agencies are currently developing the Carbon Unit Registry System, known as SRUK, which will operate as an integrated national registry platform connected directly to carbon trading marketplaces such as IDXCarbon.
The regulator stated that the integration between SRUK and carbon exchange platforms is expected to simplify transaction procedures and support broader growth in Indonesia’s carbon trading ecosystem. Officials believe the improved infrastructure could significantly increase market activity by making carbon trading more accessible and efficient.
The upcoming Carbon Unit Registry System will connect directly with Indonesia’s carbon exchange infrastructure, creating a more streamlined and scalable trading environment for carbon credits.
Current carbon trading activity in Indonesia remains relatively limited. OJK data showed that total carbon trading transactions have reached approximately Rp98.7 billion, equivalent to around US$6 million. Despite the modest figures, regulators remain optimistic that the revised rules and upgraded infrastructure could stimulate stronger participation across the market.
Broader Investor Participation and Global Expansion
Hasan Fawzi stated that the regulator is also seeking to attract broader participation from domestic and international investors. According to him, expanding the diversity of carbon units and increasing participation from multiple industrial sectors could contribute to long-term market expansion.
He further explained that stronger involvement from technical ministries and broader sectoral participation may create opportunities for Indonesia to increase international carbon trading activity. Global demand for Indonesian carbon credits has reportedly continued to grow, with interest coming from both local and overseas buyers.
OJK expects the revised regulations and expanded carbon registry infrastructure to encourage greater domestic and international participation in Indonesia’s growing carbon credit market.
In addition to registry modernization, OJK plans to require carbon exchanges to implement trading systems with operational reliability standards similar to those used by traditional stock exchanges. These provisions are expected to become part of the updated regulatory framework as Indonesia moves toward building a more mature and globally competitive carbon trading ecosystem.
