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On January 20, 2025, Indonesia officially launched international carbon trading through the Indonesia Carbon Exchange (IDXCarbon). This bold step marks Indonesia's strong commitment to reducing greenhouse gas emissions and supporting the climate targets set in the Nationally Determined Contribution (NDC). With this carbon market, Indonesia aims to strengthen its position in global carbon trading and attract international investors.
The launch was inagurated by Minister of Environment Hanif Faisol Nurofiq at the Indonesia Stock Exchange Building in Jakarta. IDXCarbon will serve as a platform for companies and industries to trade carbon credits representing emission reductions from various eco-friendly projects.
On the first day of trading, IDXCarbon recorded transactions totaling 1.78 million carbon credits from five energy projects, including hydropower and natural gas plants[1]. This initiative is expected to boost the volume of carbon trading, expand industry participation, and drive the transition to a green economy.
Indonesia's carbon credit prices in the international market have been set at IDR 96,000 per ton for Indonesia Technology-Based Solution (IDTBS) units and IDR 144,000 per ton for IDTBS Renewable Energy (IDTBS-RE) units[1].
This initiative presents a significant opportunity for Indonesia to strengthen its position in the global carbon market while supporting the country's commitment to reducing greenhouse gas emissions under its Nationally Determined Contributions (NDC).
The implementation of carbon trading in Indonesia opens new economic prospects, particularly in sectors such as renewable energy, forestry conservation, and sustainable agriculture. Renewable energy projects, such as solar and wind power, can benefit from increased investment, while forest conservation initiatives contribute to reducing deforestation and promoting biodiversity. Furthermore, industrial players have the potential to monetize their emission reduction efforts, creating incentives for companies to adopt greener technologies and sustainable practices.
According to sources such as IDX Channel & Kompas.com the carbon market in Indonesia is expected to attract both domestic and international investors, reinforcing the country’s commitment to a low-carbon economy.
The launch of Indonesia's international carbon trading is a strategic step in addressing the global climate crisis and strengthening the green economy. With proper regulations and active participation from various stakeholders, Indonesia can become a key player in the global carbon market. The success of this initiative will largely depend on the commitment of all parties in ensuring the sustainability and effectiveness of the carbon trading system in the future.
For the latest news on carbon trading and environmental policies in Indonesia, stay tuned to Jejakin's website!
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