Indonesia launched its first carbon exchange on September 26, giving companies a chance to offset their emissions as the Southeast Asian country pledges to reach carbon neutrality in its power sector by 2050.
Indonesian President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. (Photo: Reuters)
Jakarta (VNA) – Indonesia launched its first carbon exchange on September26, giving companies a chance to offset their emissions as the Southeast Asiancountry pledges to reach carbon neutrality in its power sector by 2050.
Speaking at the event, Indonesian President JokoWidodo congratulated the Financial Services Authority (OJK), the Indonesia StockExchange (IDX), and related agencies on launching the first Carbon Exchange inIndonesia.
He said it is one of Indonesia's realcontributions to fighting with the world against the crisis due to climatechange. Carbon trading will help Indonesia to realise its commitments.
He said Indonesia has tremendous potential forcarbon reduction efforts and its carbon market could grow to reach 3,000trillion rupiah (194.30 billion USD).
Carbon transactions will take place on IDX andwill be monitored by OJK. According to IDX, thirteen transactions representingcarbon credits for nearly 460,000 metric tonnes of carbon dioxide equivalent(CO2e) were traded during the launch, priced at 69,600 rupiah (4.51 USD) pertonne.
IDXCarbon is considered a way to reduce emissionsto help Indonesia achieve its climate goals before 2050, which were agreedunder the 20 billion USD Just Energy Transition Partnership (JETP) at the G20Summit hosted by Indonesia in November 2022./.
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Indonesian President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. (Photo: Reuters) 
