Jakarta, March 17 -- Indonesia has signed a memorandum of understanding with the Climate Data Steering Committee (CDSC) to become the first country to conduct a trial of the Common Carbon Credit Data Model (CCCDM).

The Coordinating Ministry for Food Affairs formalized the agreement to test the data model-developed by the CDSC under the guidance of the G20 Sustainable Finance Working Group-in order to strengthen standards and transparency in the national carbon market.

"Indonesia is committed to developing a high-integrity carbon market that supports national climate targets," said Nani Hendiarti, the ministry's deputy for coordination on food affordability and safety, in a statement cited here on Tuesday.

She explained that the governm...