Indonesia's Carbon Market Gains Momentum

Significant Transaction Volume Recorded

Indonesia's carbon trading platform, IDXCarbon, has achieved significant milestones since its launch in September 2023. The platform has successfully recorded transactions worth Rp78.5 billion, involving 1.6 million tons of CO2e. This development was highlighted by Environment Minister Hanif Faisol Nurofiq during the COP30 Brazil summit.

Global Partnerships Strengthening Carbon Market

The Indonesian government has been actively pursuing international collaborations to enhance the credibility and transparency of its carbon trading ecosystem. Recent partnerships have been established with prominent global organizations including Gold Standard Foundation, Plan Vivo, Global Carbon Council, Puro Earth, and Verra. These collaborations aim to standardize emission reduction methodologies and promote transparency in carbon trading.

Future Prospects and Targets

At COP30 Brazil, Indonesia set ambitious targets for its carbon market, aiming to secure Rp16 trillion through seller-meet-buyer initiatives. This effort is expected to provide a significant boost to Indonesia's carbon economy and reinforce its position in the global carbon trading landscape.