Indonesia to launch first international carbon trading

Jakarta – IDXCarbon, also known as the Indonesian Carbon Exchange, announced its plan on Monday, January 13, to launch the first international carbon trading on January 20, 2025, featuring carbon units sourced from Indonesia.

IDXCarbon is the carbon exchange operator of the Indonesia Stock Exchange (IDX).

As shown on its official website, IDXCarbon has started offering to allow international entities to participate in carbon credit trading, which is authorised by the Indonesian authorities.

“The opening of the international market for the first time has been responded to positively with high enthusiasm from various parties. We received many questions from foreign media and prospective foreign buyers,” said IDX Development Director Jeffrey Hendrik in a written statement on Monday.

“Indications of projects that will be given authorisation are projects owned by the PLN group that have been registered in SRN and IDXCarbon,” he said.

These projects include the new Natural Gas Power Plant PLTGU Priok Block 4 and the company’s conversion project from a Single Cycle Power Plant to a Combined Cycle (Add-On) PLTGU Grati Block 2.

A PLN subsidiary, PT PLN Indonesia Power, owns these two projects.

The other potential project is the Combined Cycle Block 2 PLN NP UP Muara Tawar, converted from a single-cycle power plant. (Roffie Kurniawan)

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