Tempo are reporting that President Jokowi officially launched Indonesia’s first carbon exchange at the Indonesia Stock Exchange on Tuesday (26/09/23), saying that this is a real contribution to fight with the world against a climate crisis.
“The potential of carbon exchange can reach at least IDR 3,000 or even more,” the President said, explaining that the figure is in line with the high level of carbon credits. Proceeds from the trade will be reinvested in efforts to protect the environment, especially to reduce carbon emissions. Indonesia aims to achieve net zero emissions by 2050, say Tempo.
Jokowi said the exchange would create a new economic opportunity that is sustainable and environmentally friendly as the world moves toward a green economy.
“Concrete steps are needed, and the carbon exchange that we launch today can be a big step for Indonesia to achieve its emissions goal,” he said, outlining three concrete steps that need to be taken.
First, use international carbon standards as a reference. “Use technology for effective and efficient transactions,” he said.
Secondly, set a target or timeline, for both domestic and international markets.
Thirdly, regulate and facilitate a voluntary carbon market in line with practices in the international community and ensure that they do not interfere with Indonesia’s Nationally Determined Contribution (NDC) targets.
Tempo report that Jokowi expressed optimism that Indonesia could become the world’s carbon axis if all stakeholders, including the government, private sector, and community, take consistent steps together.
Source: Tempo, Website of The President of The Republic of Indonesia
Image by BPMI Setpres/ Lukas
The post Indonesia Launches Carbon Exchange appeared first on Invest Indonesia.
