Minister of Finance, Sri Mulyani Indrawati, has revealed the strategy to drive the development of carbon exchange in 2025, through the implementation of carbon taxes and sectoral emission regulations.
She cited that the finance ministry will coordinate with related ministries, including the Ministry of Trade and the Ministry of Energy and Mineral Resources (ESDM), for its development.
“We will continue to strengthen this, including (coordination) with various agencies such as the Ministry of Energy and Mineral Resources and even the transportation sector,” Sri Mulyani said at the Opening of Trading at the Indonesia Stock Exchange (IDX) 2025 in Jakarta on Thursday, January 2, 2024.
Previously, the Indonesia Stock Exchange (IDX) recorded transactions in carbon exchange (IDXCarbon) worth Rp19.73 billion (US$1.2 million) from its launch in September 2023 to Friday, December 27, 2024.
Aditya Jayaantara, Deputy Commissioner of Capital Market Investment Management and Securities Institution Supervisor at the Financial Services Authority (OJK), said that the authority recorded a transaction volume in IDXCarbon at 908,018 tons CO2e, with a total transaction frequency of 152 times worth Rp50.64 billion.
OJK also said that users of the service reached 100 companies with a total carbon unit of 1,349,894 tons of CO2e, while the ones already traded reached 427,247 tons of CO2e.
Currently, there are three projects that have greenhouse gas emission reduction certificates (SPE-GRK) on IDX Carbon. Among them are the Lahendong Unit 5 & Unit 6 projects from PT Pertamina Geothermal Energy (PGEO), the construction of the New Natural Gas Power Plant PLTGU Block 3 PJB Muara Karang, and the Gunung Wugul Mini-Hydro Power Plant (PLTM).
