JAKARTA – Indonesia Stock Exchange (IDX) officially inaugurated international-scale carbon trading (IDXCarbon), Monday (20/1). Carbon trading is expected to garner international investors’ participation in Indonesia’s stock market.

During his remarks at IDX, Mahendra Siregar, Chief of Board of Commissioner of Financial Services Authority (OJK), confirmed that OJK has accommodated the transaction of domestic and international carbon unit in the carbon exchange.

According to Siregar, the infrastructure required for carbon trading will be carefully prepared alongside IDXCarbon, including blockchain system used for the listing.

Based on the compiled data of IDXCarbon, domestic carbon trading from January to December 2024 totalled IDR 19.72 billion in value. Until November 2024, the carbon trading hit IDR 19.64 billion.

Moreover, carbon trading volume even clocked up to 413,764 ton of CO2e, with total transaction hitting 105 and total participants of 100 throughout 2024.

In December 2024 alone, carbon trading volume hit 1,578 ton of CO2e worth IDR 88.34 million in value, recorded in 16 transactions. The average daily transaction volume was 83 ton of CO2e, with average daily transaction value registered at IDR 4.64 million per day.

In November 2024 alone, carbon trading volume hit 1,661 ton of CO2e worth IDR 97.90 million in value, recorded in 9 transactions. The average daily transaction volume was 83 ton of CO2e, with average daily transaction value registered at IDR 4.89 million per day. (LK/ZH)