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Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations
The Indonesia Stock Exchange has launched carbon trading operations to support the country’s emission reduction goals. Various sectors are actively participating to transition to renewable energy and retire coal power plants.
Indonesia Stock Exchange Launches Carbon Trading Operations
The Indonesia Stock Exchange (IDX) has introduced carbon trading operations to support the country’s emission reduction goals. This initiative aims to facilitate the transition to renewable energy and accelerate the retirement of coal power plants. With active participation from various sectors, the IDX seeks to incentivize positive environmental practices and bring significant changes to the energy sector. This move aligns with Indonesia’s proactive approach to achieve its ambitious emission reduction target of 31.89 percent by 2030, supporting the country’s broader strategy for a greener economy.
Regulations for Carbon Trading on IDX
To ensure the smooth functioning of the carbon trading market, the IDX has implemented a comprehensive set of regulations. Key guidelines include the IDX Decree No. KEP-00296/BEI/09-2023 for Carbon Units Trading and the IDX Decree No. KEP-00297/BEI/09-2023 for Carbon Exchange Users. These regulations define the eligibility criteria and requirements for entities to participate in the carbon exchange. By establishing a robust regulatory framework, the IDX aims to maintain the integrity and transparency of carbon trading operations.
Eligibility and General Requirements for Carbon Exchange Participation
According to the Decree on Carbon Exchange Users, entities eligible for participating in the carbon exchange include various stakeholders from different sectors. To qualify for participation, entities must meet certain general requirements. These requirements ensure that participants are committed to environmental sustainability and actively contribute to emission reduction efforts. By establishing stringent eligibility criteria, the IDX aims to foster a highly responsible and impactful carbon trading market on the exchange platform.
Read the original article : Indonesia Stock Exchange (IDX) Launches Carbon Trading Operations
This article was first published by AseanBriefing which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, India, and Russia. Readers may write to [email protected].
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