Indonesia has launched an exchange for trading CO2 emissions quotas

On Tuesday, Indonesia opened its first exchange for trading carbon dioxide emissions quotas, moving a step forward towards carbon neutrality.

The new trading platform, Indonesia Carbon Exchange, is managed by the Indonesian Stock Exchange (IDX). During the first day of work on the exchange, 13 transactions with quotas totaling more than 450 thousand tons of CO2 equivalent were concluded.

Indonesia's financial regulator, OJX, emphasizes that the creation of this exchange confirms the desire to solve the problem of climate change and reduce emissions. The President of the country, Joko Widodo, expressed confidence that Indonesia has a huge potential for the development of the emissions trading market and can become a key player in this area.

Indonesia ratified the Paris Agreement in 2016 and plans to reduce greenhouse gas emissions by 40% by 2030. By 2060, the country intends to achieve full carbon neutrality.