Indonesia's Carbon Exchange Reaches Rp36.7 Billion in Trading Activity

Tuesday, 23 July 2024, 08:44

As of June-end, the value of carbon transactions through IDXCarbon in Indonesia surged to Rp36.7 billion (approximately US$2.2 million). This progress highlights the government's efforts to establish an effective carbon emission trading system. The Coordinating Ministry for Economic Affairs is playing a pivotal role in regulating these transactions to address greenhouse gas concerns. In conclusion, these developments mark a significant step in Indonesia's strategy toward managing carbon emissions.
Antaranews
Indonesia's Carbon Exchange Reaches Rp36.7 Billion in Trading Activity

Introduction to Carbon Transactions in Indonesia

The value of carbon transactions facilitated by the Indonesia Carbon Exchange (IDXCarbon) has hit Rp36.7 billion (approximately US$2.2 million) during the period from its inception. These transactions reflect the country's commitment to addressing greenhouse gas emissions and facilitating a sustainable environment.

Government's Role in Emission Trading

  • The government is actively involved in the establishment and regulation of the carbon markets.
  • The Coordinating Ministry for Economic Affairs oversees the integration of emission trading solutions.
  • Efforts focus on supporting compliance while fostering economic growth.

Conclusion

As carbon transactions reach significant amounts, Indonesia demonstrates its capacities in tackling carbon emissions. The current focus on greenhouse gas management marks a critical opportunity for future environmental policies.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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