March 13, 2026 (Jakarta) – Today, the Government of Indonesia and the Climate Data Steering Committee (CDSC) Secretariat announced a new collaboration that will see Indonesia become the first government to publicly commit to piloting the Common Carbon Credit Data Model, a G20-backed resource designed to help strengthen standardization in carbon market data.

Under the collaboration, Indonesia’s National Steering Committee on Perpres 110/2025, chaired by the Coordinating Minister for Food Affairs Zulkifli Hasan, will pilot the Common Carbon Credit Data Model. The piloting is in the context of the government developing the Sistem Registri Unit Karbon (SRUK), a new digital registry for carbon credits established under Presidential Regulation No. 110/2025 that aims to align Indonesia’s carbon market with international standards and best practices. The pilot will explore how a common, globally-informed data framework can enhance data comparability, transparency, and interoperability across domestic and international carbon markets.

“Indonesia is committed to building a high-integrity carbon market that supports both national climate goals and the global carbon credit ecosystem,” said Ibu Nani Hendiarti, Deputy Coordinating Minister for Food Affordability and Safety. “By piloting the Common Carbon Credit Data Model, we are ensuring that Indonesia remains a leader in global climate action, aligning with international standards while empowering our communities, protecting our natural resources, and unlocking new opportunities for sustainable development.”

“Indonesia’s leadership marks an important step in advancing our broader mission to help strengthen the availability and use of high-quality, public-good climate data globally,” said Mary Schapiro, Chair of the Climate Data Steering Committee. “Moving from interest to implementation will help demonstrate how global best practice can be applied in a national context.”

Carbon markets are a critical tool for valuing carbon sinks and driving private-sector investment in low-carbon transformation. However, the lack of standardized and comparable data remains a significant issue in scaling carbon markets and unlocking their full potential. Recognizing the challenges and opportunities in addressing this barrier, the Indonesian government seeks to establish itself as a global hub for a high-integrity carbon market that encourages sustainable economic transformation and empowers communities.

Developed by the CDSC through a multilateral, policymaker-led process under the South African G20 Sustainable Finance Working Group, the Common Carbon Credit Data Model addresses these challenges by supporting a consistent definition and recording of core carbon credit data across different systems. This reduces friction in trading by enabling data systems globally and across the carbon credit ecosystem to speak the same language. Designed as a shared reference point, the Data Model improves data interoperability and comparability across carbon credit market participants, helping to strengthen market integrity and enabling greater cross-border trading.

The Common Carbon Credit Data Model is the first global framework that standardizes how carbon credit data is recorded across the entire life cycle, from pre-issuance to retirement. By applying proven practices from financial markets – such as globally recognized unique identifiers – it helps with tracing credits across their life cycle, preventing double counting, simplifying due diligence, and strengthening trust and participation in carbon markets.

The piloting phase, announced at the COP30 Business and Finance Forum in São Paulo in November 2025 – following calls from G20 Leaders to test common approaches in real-world settings – seeks to support the Common Carbon Credit Data Model’s testing, refinement, and voluntary adoption across the carbon credit ecosystem, helping build confidence in and scale global carbon markets. To date, the CDSC Secretariat has received more than 35 expressions of interest from jurisdictions and private-sector actors across the carbon credit market ecosystem.

About the Climate Data Steering Committee (CDSC)

The Climate Data Steering Committee (CDSC) was established in 2022 by French President Emmanuel Macron and United Nations Special Envoy on Climate Ambition and Solutions Michael R. Bloomberg. Chaired by Mary Schapiro, the CDSC brings together global policymakers, regulators, and international organizations, informed by data providers and civil society, to improve access to standardized climate data. 

The CDSC works to ensure that key company-level data disclosed by the private sector is accessible for use by a broad set of stakeholders, including through the development of a trusted, global public data utility.

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