Wednesday, 14 August 2024.
After posts about Malaysia and China, right this moment we speak about one other carbon credit score market in Asia.
Republic of Indonesia is the 4th most populous nation within the World, with 275 million inhabitants. It’s the World’s largest archipelagic state, that means that together with its oceanic portion it’s as massive as Europe continent. Indonesia can also be one of many 13 nations within the World crossed by the Equator line.
“Our carbon exchange potential reaches Rp 3,000 trillion or even more. This is a huge number, which will certainly open new economic opportunities that are sustainable and environmentally sound, in line with the global shift to green economy,” mentioned the President of Indonesia, in his official assertion, included in the press release that you can read here.
Because the launch of the Indonesian Carbon Change till Could 2024, there have been 62 licensed issuers with an amassed worth of IDR36.77 billion and a complete quantity of 608,427 tCO2e.
As a reference, till February 2024, there have been 50 licensed issuers with an amassed worth of IDR 31.36 billion and a complete quantity of 501,910 tCO2e traded.
This represents a 20% commerce improve each by way of worth and tons of CO2 in about three months.
To not point out the 25% improve in licensed issuers, indicating attractiveness of Indonesian carbon credit.
Indonesia Change was given a enterprise license by the OJK (Monetary Companies Authority), the Indonesia Monetary Companies Authority, additionally regulator and supervisor of carbon buying and selling in that nation.
Click on on the picture under for the June 2024 market replace by OJK, the Indonesia Monetary Companies Authority.
Nice to see that carbon market information grew to become a part of the official month-to-month monetary overview from Indonesia.
