Jakarta—The Indonesia Carbon Exchange (IDXCarbon) recorded higher carbon trade activities in January, both in terms of carbon credit transactions and the number of users participating in carbon trading.
The IDXCarbon, a unit of the Indonesian Stock Exchange (IDX), recorded the total volume of carbon units traded in the month amounted to 273,237 tons of CO2e, surging from 1,578 tons of CO2e in the previous month.
The IDXCarbon January data also shows that the number of participants increased to 106 from 100 in December 2024. The above trading values were carried out over 19 working days.
Indonesia kicked off the international carbon trading on January 20, 2025.
Currently, the carbon units traded on the carbon exchange come from the power sector, namely:
- The New Natural Gas Power Plant PLTGU Priok Block 4
- Single Cycle Power Plant to Combined Cycle (Add On) PLTGU Grati Block 2 conversion project
- Gunung Wugul Mini Hydroelectric Power Plant (PLTM)
- The New Natural Gas Power Plant PLTGU PJB Muara Karang Block 3
- Single Cycle Power Plant to Combined Cycle Block 2 PLN NP UP Muara Tawar conversion project.
These projects are owned by the country’s state electricity company PT Perusahaan Listrik Negara (PLN). Unfortunately, no carbon units come from the forestry sector, which has abundant resources in Indonesia.
The Center for International Forestry Research, World Agroforestry (CIFOR_ICRAF) senior scientist Herry Purnomo, said earlier the absence of carbon units traded on the carbon exchange shows the complexity of calculating the carbon stocks from the sector. The other problems are due to the unclarity of regulations. (Roffie Kurniawan)
