CCSF UICCSF UI
Research Fellows

Dr. Maya Kusuma

Senior Research Fellow

Biodiversity FinanceEcological Fiscal TransferNatural CapitalConservation Policy

Ecological economist working on biodiversity finance and ecological fiscal transfers.

Dr. Maya Kusuma leads CCSF's biodiversity finance workstream. She has designed and simulated ecological fiscal transfer formulas with several provincial governments and works on the measurement infrastructure needed for credible biodiversity markets.

Education

2016

PhD in Ecological Economics

University of Leeds

2011

MSc in Conservation Science

Imperial College London

Selected publications

012025
Working Paper

Blue Carbon Crediting for Indonesian Mangroves: Permanence, Tenure and Feasibility

Adi Nugroho & Maya Kusuma

CCSF Working Paper 2025/07

022025
Policy Brief

Ecological Fiscal Transfers for Indonesia: Design Choices and Distributional Consequences

Maya Kusuma & Dinda Larasati

CCSF Policy Brief No. 12

032024
Book Chapter

Biodiversity Credits in Megadiverse Economies

Maya Kusuma

Handbook of Nature Finance

Projects

All projects
Conservation Finance Baseline for Papua
Upcoming
Jayapura, Papua

Conservation Finance Baseline for Papua

Establishing the first consolidated baseline of conservation finance flows into Papua and West Papua, across public, donor and private…

Funded byWildlife Conservation Society & Bappenas2026 – 2027
Ecological Fiscal Transfer Design for Aceh
Ongoing
Banda Aceh, Aceh

Ecological Fiscal Transfer Design for Aceh

Designing and simulating an ecological fiscal transfer formula that rewards districts in Aceh for maintaining forest cover and protected…

Funded byUNDP Indonesia2025 – 2026
Mangrove Restoration Finance in South Sulawesi
Ongoing
Makassar, South Sulawesi

Mangrove Restoration Finance in South Sulawesi

Cost curves and revenue models for community-led mangrove restoration across three coastal districts, including blue carbon credit…

Funded byGlobal Environment Facility2024 – 2026