Indonesia is making significant strides in the global carbon market with the launch of its first international carbon trading platform under IDXCarbon (Indonesia Carbon Exchange), operated by the Indonesia Stock Exchange (IDX). This initiative aims to authorize the sale of Indonesian Carbon Credits internationally, enabling foreign entities to purchase carbon units that contribute to the nation’s Nationally Determined Contributions (NDC).

The inaugural trade is set to take place on January 20, 2025, marking a major milestone in Indonesia's efforts to position itself as a key player in the global carbon market. International participants can engage in this market by either becoming direct members of IDXCarbon or collaborating with Indonesian IDXCarbon users.

Highlighted projects under this initiative include:

1. PLTGU Priok Block 4: A natural gas power plant in North Jakarta utilizing advanced technology to reduce emissions, offering up to 763,653 tCO2e credits (Vintage: 2021).
2. PLTGU Grati Block 2 (Add On): A project converting a single-cycle power plant to a combined cycle, reducing emissions and improving efficiency, with up to 407,390 tCO2e credits available (Vintage: 2021).

This initiative represents Indonesia's commitment to achieving sustainable development and contributing to global emission reduction goals.

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