Exploring the Current State of Carbon Trading in Indonesia

Tuesday, 23 July 2024, 08:42
Indonesia's carbon trading market has recently reached a transaction value of **$2.26 million**, significantly trailing behind the **European Union's** impressive **€881 billion** market. The country's efforts in **carbon emission trading** reflect a burgeoning initiative to tackle **greenhouse gas** emissions. However, the government, through the **Coordinating Ministry for Economic Affairs**, faces significant challenges in expanding this market to achieve global competitiveness. In conclusion, while progress is being made, Indonesia's carbon market needs substantial growth to match its international counterparts.
LivaRava Finance Meta Image
Exploring the Current State of Carbon Trading in Indonesia

Current Value of Indonesia's Carbon Trading Market

Indonesia's carbon trading market has achieved a transaction value of $2.26 million. This figure is far behind the EU's carbon trading market, which has reached a staggering €881 billion.

Government Initiatives and Challenges

The Indonesian government is actively working to develop its carbon trading system, aimed at reducing greenhouse gas emissions.

  • Coordination by the Coordinating Ministry for Economic Affairs
  • Efforts to enhance participation from various sectors

Despite these efforts, the market remains significantly smaller compared to global leaders.

Future Outlook

For Indonesia to compete on the global stage in carbon emission trading, a focused strategy and substantial investment are necessary.

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.

Related posts

Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe