Indonesia Will Soon Launch Its First International Carbon Market
- Mutiara Kanza
- Jan 9
- 1 min read
Updated: Jan 14
IDX Carbon is planned to launch international carbon trading in January 2025, featuring carbon units sourced from Indonesia.
IDX Carbon, also known as the Indonesia Carbon Exchange, is the first official carbon exchange in Indonesia with an operational permit granted by OJK. As part of Indonesia’s efforts to develop its Carbon Market, Indonesia plans to authorize the first international sale of Indonesian Carbon Credits.
The carbon units available for sale in the inaugural international carbon trade on IDX Carbon are authorized units that can be traded with international businesses. The units that are sold and retired can be claimed as contributions toward the Nationally Determined Contributions (NDC) of the buyer’s home country. The carbon units available for trade on IDX Carbon are authorized units derived from TBS (Technology-Based Solutions) projects. These units can be purchased directly by registering with IDXCarbon or through transactions with existing IDXCarbon users.
These authorized international carbon units can be purchased by both foreign and domestic companies for internal use, resale to international clients, or retirement on behalf of other companies abroad. This initiative enhances Indonesia’s role in global climate action and attracts foreign investment in sustainable projects.
🌱 Let’s Collaborate!
This is a promising development for the evolving carbon market in Indonesia. While the current trading focuses on TBS projects, Nature-Based Solutions (NBS) holds significant potential to complement these efforts in the future. Join us in seizing this opportunity to make a meaningful contribution to climate solutions by co-developing impactful nature-based decarbonization projects.
For more information on how to get involved, please contact us at www.carbonethics.co/#collaborationform
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