Indonesia allows international buyers to participate in carbon credit trading. (Photo: IDXCarbon)
Indonesia's carbon market officially opened to international buyers on Jan. 20, with over 40,000 tons of carbon dioxide equivalent (CO2e) traded on the first day.
Authorities are confident that this year’s total trading volume will exceed last year’s record and plan to introduce forest and land-use-based carbon credits by March. This move aims to attract more international buyers and secure additional funding for Indonesia’s climate goals.
Highest price reached 8.82 USD per ton on first day of trading
The IDXCarbon, Indonesia’s carbon exchange, has been focusing on the international market as the domestic carbon market has remained relatively inactive.
