Indonesian Carbon Exchange: What's Missing and What's Implemented Well?

Indonesia has officially had its own carbon exchange since last September 26. Regulated by the Financial Services Authority (OJK) and operated by the Indonesia Stock Exchange (BEI), Indonesian Carbon Exchange (IDXCarbon) indicates a positive initial step regarding green economic growth in this country.

Since its status is still new, of course there is still something that can be improved regarding the implementation of this national carbon exchange.

To discuss this topic, we contacted the team again envmission, which previously provided a broad overview of the current condition of the Indonesian carbon market ecosystem.

The following are the results of a brief conversation between the Solum.id team and envmission regarding the Indonesian Carbon Exchange. Most of the text has been edited to make it easier to read.

What things have been implemented well at the Indonesian Carbon Exchange?

We are grateful that carbon trading has begun in Indonesia. This can be interpreted as a step forward for parties who have been struggling to overcome climate change.

Apart from that, we also appreciate the use of technology blockchain to detect the origin of traded carbon units so that this does not occur double accounting.

For more, visit Solum.id, media portal that discusses technology and sustainable business in Indonesia.

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Disclosure: Solum.id is part of the DailySocial.id group