Gold Standard Signs Mutual Recognition Agreement with Indonesian Government

Today Gold Standard signed a Mutual Recognition Agreement (MRA) with the Indonesian Ministry of Environment (MoE).  With the adoption of this Agreement, the Government of Indonesia formally recognises emission reduction certifications issued by Gold Standard under Ministerial Regulation No.21/2022, which govern carbon trading activity.

Under the terms of the Mutual Recognition Agreement, projects in Indonesia will be able to continue or begin certification under Gold Standard for the Global Goals, subject to compliance with the approval process established by the Ministry of Environment, and all other requirements under Indonesian national law.

Gold Standard and the Ministry of Environment will establish a task force responsible for coordinating implementation of the Agreement. As part of this, the two Parties will undertake further work on a number of issues, including coordination between their respective registry systems and the management of carbon credits, as well as the provision of guidance to project developers.

“This Agreement cements Gold Standard’s commitment to high integrity, community‑ centred climate action,” said Margaret Kim, Gold Standard CEO. “By working hand‑-in‑-hand‑ with Indonesia’s Ministry of Environment, we will scale up rigorous, locally empowering projects that drive real reductions in greenhouse gases.”

"The signing of this MRA is proof of Indonesia's commitment to reducing greenhouse gas emissions and achieving the Nationally Determined Contribution (NDC) target in accordance with the Paris Agreement. By aligning our SPEI system with the globally recognized Gold Standard, we are opening up greater opportunities for Indonesian projects in the international carbon market, as well as attracting investment to support better sustainable development," said Minister of Environment/Head of BPLH, Hanif Faisol Nurofiq.

This MRA provides a durable framework for Gold Standard’s best practice methodologies to support Indonesia’s Nationally Determined Contribution (NDC) under the Paris Agreement, while promoting local ownership, robust environmental integrity, and alignment with Indonesia’s broader development goals. This is the first MRA that the Government of Indonesia has signed with an independent standard since the adoption of its market-focused regulations in 2021.