Indonesian Carbon Exchange Officially Launched, First Day Trading Reaches IDR 29 Billion

After waiting for a long time, Indonesia finally officially has a national carbon exchange. The launch of the Indonesian Carbon Exchange (IDXCarbon) was carried out directly by President Joko Widodo on Tuesday (26/9/2023) yesterday at main hall Indonesian Stock Exchange (BEI) building in Jakarta.

Previously, BEI had obtained a business license as a carbon exchange organizer from the Financial Services Authority (OJK). OJK itself plays a role as the party that regulates carbon trading as well as the procedures for implementing it.

Quoting press release, currently there are four trading mechanisms on IDXCarbon, namely auction, regular trading, negotiated tradingand marketplace.

Commodities traded on the Indonesian Carbon Exchange are carbon units, which are proof of carbon ownership in the form of a certificate or technical approval expressed in 1 ton of carbon dioxide (CO2).

At IDXCarbon, two types of carbon units are available, namely Technical Approval of Upper Emission Limits for Business Actors (PTBAE-PU) and Greenhouse Gas Emission Reduction Certificate (SPE-GRK). In accordance with regulations issued by the OJK, both are packaged in the form of securities or securities, just like on the stock exchange.

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