New carbon market academy aims to strengthen local capacity, competitiveness

The Indonesian Business Council (IBC) has launched the Indonesian Carbon Market Academy (ICMA) to strengthen local players’ capacity, governance, and competitiveness in carbon trading as part of the country’s net-zero 2050 drive. Built on three pillars—education, public communication, and practical programs—the ICMA aims to equip industries, including fossil-based sectors, with green solutions. Experts highlighted challenges such as low project integrity and limited financing, stressing the need for collaboration to restore global trust. With Indonesia targeting US$65 billion in carbon credit exports by 2028, the academy is positioned as a strategic platform to align private sector strategies with sustainable growth.