The Indonesia Carbon Exchange (IDX Carbon), launched by President Jokowi on September 26, 2023, has achieved significant milestones in its first year of operation. IDX Carbon has become a transparent, structured, and efficient platform to support the reduction of greenhouse gas (GHG) emissions in Indonesia. In its first year, the amount of carbon traded surged from 459,953 tons of CO2e to 613,894 tons of CO2e, with a total transaction value of Rp37.06 billion.
IDX Carbon’s trading mechanisms include auction, regular trading, negotiated trading, and marketplace. As of September 26, 2024, a total of 420,029 tons of CO2e have been retired, meaning that these carbon units have been removed from circulation. Three projects are currently listed: Pertamina Geothermal Lahendong, PLTGU Muara Karang, and PLTM Gunung Wugul, with the total carbon units increasing from 842,950 tons of CO2e in 2023 to 1,777,141 tons of CO2e in 2024.
In the one-year anniversary of IDX Carbon, BEI President Director Iman Rachman expressed his hope that this initiative will help Indonesia achieve its nationally determined contributions (NDC) target by 2030. IDX Carbon is also preparing the Emission Cap and Trade Mechanism for Businesses (PTBAE-PU) to further strengthen emission reduction efforts in the industrial sector. With these achievements, Indonesia has the potential to lead carbon trading in Asia while contributing to global emission reduction and environmental sustainability.
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