State Power Utility PT PLN has taken the initiative, being the first Indonesian company, to get involved in international carbon trading.
This measure has won appreciation from the President’s Special Envoy for Climate and Energy, Hashim Djojohadikusumo, who assessed that PLN’s involvement in foreign carbon trading is a form of commitment in mitigating climate change while attracting green investment.
“This is a very positive and significant step in encouraging foreign investors to buy carbon credits in Indonesia. That way, liquidity will enter our domestic market,” Hashim saidwhile attending the ESG Sustainability Forum 2025 held by CNBC Indonesia, on Friday, January 31, 2025.
Hashim cited that the decision to open international carbon trading was the result of a decision by the team he led, involving the Minister of Environment, the Minister of Forestry, and the National Economic Council.
He emphasized that previously Indonesia’s great potential in the forestry sector and nature-based solutions could not be enjoyed by domestic market players due to regulations that closed access to the international market.
“By opening foreign carbon trading, the flow of foreign investment can revive the national carbon market without reducing domestic recording,” he added.
Green investment
President Director of PLN, Darmawan Prasodjo emphasized that PLN, along with the government,continues to strive to encourage the development of green investment, one measure of which is to be directly involved in carbon trading.
“Climate change is a global issue that requires a global solution. With the launch of this foreign carbon trade, PLN and the Indonesian government take concrete measure to address the increasingly real climate disaster,” he said.
In addition to carbon exchange, PLN also trades and offsets emissions directly. The company has developed the PLN Climate Click platform, which since 2023 has facilitated carbon trading activities.
