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Competing for Carbon Exchange in Indonesia

Monday, September 4, 2023

The Indonesia Stock Exchange and Indonesia Climate Exchange (ICX) are competing to manage carbon exchange. Carbon transactions amount to billions of dollars annually.

arsip tempo : 171438938765.

Illustration of a green environment emphasizing environmentally friendly energy. Illustration by Imam Yunni . tempo : 171438938765.

TWO days before the Financial Services Authority (OJK) issued its carbon exchange regulation, the Indonesia Climate Exchange (ICX) had already opened its first Renewable Energy Certificate (REC) trade. REC is an instrument for carbon emission trading based on geothermal and micro hydro power plant calculations.

REC is a certificate that proves the production of electricity per megawatt hour (MWh) comes from a renewable energy power plant. T

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Aisha Shaidra

Indonesia Stock Exchange (IDX) OJK carbon trading Indonesia Climate Exchange Carbon Exchange Renewable Energy Certificate
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