Upgrade your membership plan for the full website experience.
View Membership Plans
March 24, 2024

Indonesia’s Carbon Credit Market Penetrates 50 Users Since Launch

March 24, 2024

Since its launch from September 26, 2023, to February 29, 2024, the Indonesia Carbon Exchange (IDXCarbon) has garnered 50 service users with a total volume of 501,910 tCO2e and a value of Rp 31.36 billion, distributed across Regular (31.39%), Negotiated (9.69%), and Auction (58.92%) Markets. Inarno Djajadi, Executive Head of Capital Market Supervision, Derivative Financial, and Carbon Exchange at Financial Services Authority (OJK), reported these figures during the OJK RDK press conference on March 4, 2024. He remains optimistic about IDXCarbon's potential, given the 3,453 registrants on the National Climate Change Registry System (SRN PPI) and the active carbon unit trading. Anticipated foreign trade, especially in forestry and marine sectors, is expected to fuel IDXCarbon's growth alongside the implementation of carbon taxes, supported by ongoing coordination between OJK, the Ministry of Environment and Forestry (KLHK), and the Ministry of Energy and Mineral Resources (ESDM). Jeffrey Hendrik, Director of Development at Indonesia Stock Exchange (BEI), underscores continuous efforts to involve more listed companies in discussions and awareness campaigns, aligning with the companies' pursuit of net-zero emissions. For more information on the provisions of carbon trading on the IDX and the general qualifications of carbon exchange users, members can refer here and here.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.