The Indonesian government, through the Ministry of Environment (KLH), is advancing concrete cooperation with Sweden to accelerate emission reductions through Indonesia’s carbon economic value framework. The collaboration will attract Swedish companies to participate in carbon trading with Indonesia. 

Minister of Environment and Head of Indonesia’s Environmental Management Agency Hanif Faisol Nurofiq stated that the partnership would be formalized through the signing of a memorandum of understanding (MoU) between the two countries. 

“We are opening significant opportunities for Swedish businesses, through the Swedish government, to contribute to reducing greenhouse gas emissions under the carbon economic value scheme,” Hanif said after a bilateral meeting held at the Sweden Pavilion during COP30 in Belém, Brazil. 

He added that COP30 should measure credibility by tangible actions rather than promises. “The credibility of COP30 will be judged by action, not by pledges. Indonesia stands ready to join hands with global partners to turn ambition into impact,” Hanif said, as quoted from an official KLH statement on Wednesday, November 12. 

Diana Janse, State Secretary for International Development Cooperation and Foreign Trade at the Swedish Ministry for Foreign Affairs, expressed Sweden’s support for the initiative. 

“We discussed the strong relationship between the two countries. There are many ongoing efforts, particularly related to COP30, Indonesia’s ambition to focus on waste management, and how Sweden can support those efforts,” Diana said. 

Accelerating Climate Financing

Indonesia’s readiness is reinforced by the submission of its Second Nationally Determined Contributions (SNDC) shortly before COP30. The document sharpens the country’s emission reduction trajectory while maintaining economic growth toward achieving Net Zero Emissions by 2060 or sooner. 

To accelerate transparent and credible climate financing, Indonesia is promoting the implementation of Article 6 of the Paris Agreement, which also opens opportunities for joint carbon projects between Indonesian and Swedish businesses. 

At the Indonesia Pavilion during COP30, the government showcased its High-Integrity Carbon Credit-Based Climate Cooperation initiative, offering approximately 90 million tons of high-integrity carbon credits. 

The Ministry of Environment emphasized that strengthening bilateral partnerships with Sweden complements the slower multilateral negotiation processes. The cooperation is also expected to broaden private sector participation in emission reduction efforts, boost green investment, enhance environmental management and restoration, and empower local communities. 

This article is published in partnership with Katadata 

Original article here