Indonesia Plans First Carbon Trade Next Week

<!DOCTYPE html> <html> <head> <meta charset="utf-8"> <title>Indonesia Plans First Carbon Trade Next Week - World-Energy</title> <meta name="keywords" content="Climate Change" /> <meta name="description" content="Indonesia plans to run its maiden carbon trade next week, aiming to offer companies and financial institutions a mechanism to offset their emissions, while providing funding for carbon reduction projects, authorities said on Monday.The Southeast Asian cou" /> <meta http-equiv="X-Frame-Options" content="SAMEORIGIN"> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/easytpl/libs/layui/css/layui.css"/> <link rel="stylesheet" href="https://www.world-energy.org/statics/images/cpu/js/layui/css/layui.css"> <link href="https://www.world-energy.org/statics/images/cpu/css/css.css?v=1732384108" rel="stylesheet" type="text/css" />   <script> var _hmt = _hmt || []; (function() { var hm = document.createElement("script"); hm.src = "https://hm.baidu.com/hm.js?37ab132780d9244fadd9d889777cf38f"; 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return false;"><img alt="Weibo" src="https://www.world-energy.org/statics/images/share_icon/weibo.png" /></a></li>   </ul> </div> </div> </div> <div class="m fl p20"> <div class="show-c"> <h1 class="title fz26 fwb black"> Indonesia Plans First Carbon Trade Next Week </h1> <div class="baseinfo"> <i class="iconfont icon-time"></i> <span>19 Sep 2023  by </span><span class="color-front">reuters</span>    <a href="javascript:;" class="dofav fr fav" title="Add to my favorites" data-id="36517"><i class="iconfont icon-likefill"></i></a> </div> <div class="content mt40"> Indonesia plans to run its maiden carbon trade next week, aiming to offer companies and financial institutions a mechanism to offset their emissions, while providing funding for carbon reduction projects, authorities said on Monday. <p>The Southeast Asian country is one of the world's top ten greenhouse-gas emitters, but has pledged to reach net carbon neutrality by 2060 and touted the planned carbon market as a way to fund climate solutions.</p> <p>"The launch of the carbon exchange will take place on Sept. 26, next week," Mahendra Siregar, head of the Financial Services Authority, told a seminar.</p> <p>The government in the resource-rich country has previously said the market will trade carbon credit certificates issued for activities or projects that remove carbon from the atmosphere or companies that emit pollution below a limit set by the government.</p> <p>The environment ministry has assigned four auditors to verify carbon reduction activities so that trading can start next week, Wahyu Marjaka, a director from the environment ministry, told the same seminar.</p> <p>Authorities announced in a statement late on Monday that Indonesia Stock Exchange (IDX) will become the carbon trading operator.</p> <p>Jakarta in February launched the first phase of mandatory carbon trading for coal power plants.</p> <p>The government's initial plan was to set a pollution quota for each carbon-intensive industry and tax companies that emit above their limit without any carbon offset. But the tax plan has been shelved due to concern over its impact on economic growth.</p> <p style="text-align: center;"><img alt="" src="https://www.world-energy.org/uploadfile/2023/0919/20230919085247822.png" style="width: 662px; height: 490px;" /></p> </div> </div> </div> <div class="fl show-keywords_small"> <h2 class="t title-ff fwb fz18 black tr show-keywords-title p20 fl"> Keywords </h2> <div class="fr fz18 keywords"> <i class="iconfont icon-icon-down"></i> <a href="https://www.world-energy.org/search.html?keyword=climate change">Climate Change</a> </div> <div class="fr fz18 keywords"> <div class="fixedad ad mt10 mb30" style="width: 630px; padding: 0 0px; height: auto; overflow: hidden;" id="article_end"></div> </div> </div> </div> <div class="r fr"> <div class="fixedad ad mt10 mb30" style="width: 280px; padding: 0 20px; height: auto; overflow: hidden;" id="article_right_26"></div> <div class="sub-r-title fwb fz16 p20">Hot Ranking</div> <div class="top-views" style="height: auto; 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Indonesia Plans First Carbon Trade Next Week - World-Energy