Wednesday, August 14, 2024.
After posts about Malaysia and China, at the moment we’ll discuss one other carbon credit score market in Asia.
The Republic of Indonesia is the fourth most populous nation on the earth, with 275 million inhabitants. It’s the largest archipelagic state on the earth, that means that together with its oceanic portion it’s as giant because the European continent. Indonesia can be one of many 13 international locations on the earth which might be crossed by the equator.
“Our potential in carbon trading reaches Rp3,000 billion or even more. This is a huge number that will certainly open up new sustainable and environmentally sound economic opportunities in line with the global shift to a green economy,” the Indonesian President mentioned in his official assertion. included in the press release which can be read here.
Because the launch of the Indonesia Carbon Alternate till Might 2024, there have been 62 licensed issuers with a cumulative worth of IDR 36.77 billion and a complete quantity of 608,427 tCO2e.
For reference, as of February 2024, there have been 50 licensed issuers with a cumulative worth of IDR 31.36 billion and a complete traded quantity of 501,910 tCO2e.
In about three months, this represents a 20% improve in commerce, each by way of worth and in tonnes of CO2.
To not point out the 25% improve in licensed emitters, indicating the attractiveness of Indonesian carbon credit.
Indonesian Alternate has obtained buying and selling license from OJK (Monetary Providers Authority), the Indonesian Monetary Providers Authority, which additionally regulates and oversees carbon buying and selling in that nation.
Click on on the picture beneath to view the June 2024 market bulletin from OJK, the Indonesian Monetary Providers Authority.
It’s nice to see that carbon market information has turn out to be a part of Indonesia’s official month-to-month monetary overview.
