Indonesia launches carbon exchange to curb emissions-Xinhua

Indonesia launches carbon exchange to curb emissions

Source: Xinhua| 2023-09-26 22:30:45|Editor: huaxia

JAKARTA, Sept. 26 (Xinhua) -- Indonesian President Joko Widodo on Tuesday launched the country's first carbon exchange, named IDXCarbon, as part of its commitment to reduce gas emissions.

The carbon exchange is set to facilitate carbon trading. It will give space to companies or organizations concerned with renewable energy to sell carbon credits to emitters such as coal producers, which will purchase the credits.

Indonesia, one of the world's largest producers and exporters of coal, has targeted to cut greenhouse gas emissions by nearly 32 percent on its own, or by about 43 percent with international help by 2030.

Widodo said the IDXCarbon was Indonesia's real contribution to the fight against the crisis caused by climate change, as the proceeds of carbon trading would be invested in efforts to protect the environment, especially in reducing carbon emissions.