abr 161 min
Today is Tuesday, April 15, 2024.
Indonesia is among the countries with the largest forests and peatlands in the World.
One of the types of carbon credits is in the form of nature-based solutions (NBS), which include forests. There are also carbon credits from engineering solutions. Obviously, the price can vary greatly, including between the so-called voluntary (carbon credits) and regulated (offsets) markets, the latter with full government supervision.
The Carbon Exchange in Indonesia was launched last September 26 2023.
Since then until 29 February 2024, there have been 50 licensed issuers with an accumulated value of IDR 31.36 billion and a total volume of 501,910 tCO2e traded.
Indonesia Stock Exchange was given a business license by the OJK (Otoritas Jasa Keuangan), the Indonesia Financial Services Authority. As such, OJK also regulates and supervises carbon trading through the carbon exchange in that country.
It is very interesting to see that carbon market data became part of the regular official financial overview by OJK. Like the quantitative information mentioned above.
Click at the image below to see the latest March 29 2024 report by OJK.
You might be also interest in these past press releases:
Finally, it is worth remembering that in terms of NBS carbon credits, Indonesia, Brazil and Congo have been trying to join forces around their forests for some time.
After all, what is the value of all these standing forests?