Client Alert – Indonesia’s International Carbon Trading Unveiled
Indonesia’s carbon market is poised to achieve a new milestone with the inauguration of its first international carbon trading on January 20, 2025, through the Indonesia’s Carbon Exchange (IDXCarbon). Since the issuance of PR 98/2021 as the main umbrella law for carbon trading, there has been ongoing debate about whether international carbon trading would be allowed immediately or require the achievement of Indonesia’s NDC target first. The upcoming launch of international carbon trading by IDXCarbon signals Indonesia’s readiness to embrace the global carbon market.
Approximately 2.48 million carbon units will be traded internationally during this landmark event, which are derived from five strategic energy projects. This development is expected to strengthen the Indonesian carbon market, enhance international investor engagement, and spur the growth of emission reduction projects nationwide.
Please see our newsletter here: Client Alert on International Carbon Trading
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FEATURED LAWYERS
Kirana D. Sastrawijaya
Senior Partner
Ahmad Zakaria
Senior Partner