Carbon Exchange

Metrotvnews.com wrote about the Government officially launching the Carbon Exchange on Tuesday, September 26, 2023, through the Indonesian Stock Exchange (BEI) as the organizer. The carbon exchange is expected to contribute to reducing greenhouse gas emissions in Indonesia. One of the sectors that will enliven the Carbon Exchange is the electricity generation subsector. Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar estimates that there will be 99 coal-based steam power plants (PLTU) that have the potential to participate in carbon trading. The PLTU is expected to start making transactions through the Carbon Exchange this year. Apart from the power generation subsector, carbon trading will also be included in the forestry, agriculture, waste, oil and gas, general industry and marine sectors.

 

Tempo.co wrote about the Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut Binsar Pandjaitan who said that the green economy is one of the government's efforts to slow down the climate crisis. Indonesia's abundant natural wealth can be utilized to support the transition to a greener economy in the face of climate change which is currently occurring. These include efforts to decarbonize the electricity sector by reducing the use of coal and building renewable energy and transmission, decarbonizing industry through providing alternative fuels, developing nature-based economic industries as carbon absorbers, carbon capture and storage industries, and electrifying the transportation sector.