Indonesia Commitment
On A Low-Emissions Future
Climate change brings forth an undeniable impact on our daily lives, with evident temperatures rising around the world. COP 21 in Paris had the world in agreement to reduce global temperature up to 1,5oC which has been acknowledged on the Paris Agreement.
Indonesia also took part in shaping a low-emission future through its Nationally Determined Contribution (NDC) and set targets for Greenhouse Gas (GHG) emission reduction voluntarily between 26% and 41% in comparison to 2030 BAU. Government Regulation 98/2021 stipulates that Carbon Trading through an exchange is one of the Carbon Pricing instruments.
Indonesia Carbon Exchange (IDXCarbon)
As a form of support in achieving Indonesia's NDC, Indonesia Stock Exchange (IDX) developed “IDXCarbon” to accommodate the needs of carbon trading in Indonesia. IDX is committed to providing a carbon trading infrastructure under the supervision of the Indonesia Financial Services Authority, which prioritizes transparency, liquidity, efficiency, and ease of access.
IDXCarbon offers suitable solutions to meet your company's needs in emission trading and GHG emission offsets. Using blockchain technology, we offer access to high-quality carbon trading with the best security and convenience transactions.
Why Transaction with Us?
IDXCarbon in Numbers
26 September 2023 - 6 December 2024
Trading Volume
907,817 tCO2e
Trading Value
50.623 billion IDR
Project Listed
3 SPE-GRK
#Participant
95 entities
Carbon Exchange Mechanism
Allowance Market
Our product in this market is Persetujuan Teknis Atas Batas Atas Emisi – Pelaku Usaha (PTBAE-PU). The Allowance Market is a cap-and-trade mechanism that is commonly applied to the Compliance Carbon Market. Certain business entities determined by the Government get a “cap”, a form of emission quota allocation for a certain period. Business entities that exceed the cap may purchase carbon units from other business entities that have unused quotas
Offset Market
Our product in this market is Sertifikat Pengurangan Emisi - Gas Rumah Kaca (SPE-GRK) commonly known as “carbon offset”. Offset Market is a scheme where business entities trade carbon units generated from GHG reduction or removal by certain businesses and/or other climate change mitigation actions. Business entities may purchase carbon units to achieve their emission reduction targets and to fulfill their commitment to carbon-neutral or net-zero.
IDXCarbon Features of Trading
Auction
The Government or Emission Mitigation Project Owner can sell carbon units through an auction mechanism on the Carbon Exchange. Prospective carbon unit buyers submit purchase requests at the desired volume and price.
Regular Trading
The trading is conducted by a continuous auction mechanism which all parties can submit their buy and sell offers in real time.
Negotiated Trading
Facilitate the completion of the previously agreed trades through the IDXCarbon system transparently and securely.
Marketplace
Emission Mitigation Project Owners can sell their carbon units at a predetermined price.
Testimony
Mr. Iman Rachman
President Director of PT Bursa Efek Indonesia
"IDXCarbon is an important milestone for Indonesia’s decarbonization commitment to achieve Net Zero Emission in 2060 or sooner. IDXCarbon strives for transparency, reliability, and security in providing the best solution for carbon trading in Indonesia and creating fair, orderly and efficient trading. By providing platform that prioritize seamless user experience, we envisage that IDXCarbon can provide convenience for all Entities in obtaining benefits from carbon trading."
