Indonesia plans to launch its first carbon trade next week, aiming to provide companies and financial institutions a mechanism to offset their emissions, while offering funding for carbon reduction projects.
The Southeast Asian country is among the world's top ten greenhouse-gas emitters but has committed to achieving carbon neutrality by 2060 and viewed the carbon market as a means to finance climate solutions.
Mahendra Siregar, the head of the Financial Services Authority, said on September 18, "The launch of the carbon exchange will take place on Sept. 26, next week."
