KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo on Tuesday launched his country's first carbon emission trading, with the aim of creating a market to fund efforts to reduce greenhouse gas emissions and become a major player in global carbon trade. Indonesia, an archipelago home to the world's third largest area of rainforest, is also one of the world's top greenhouse gas emitters. The Southeast Asian country has set a target of reaching carbon neutrality by 2060. Thirteen transactions representing carbon credits for nearly 460,000 metric tonnes of carbon dioxide equivalent (CO2e) were traded during the launch, priced at 69,600 rupiah ($4.51) per tonne, according to a trading board at the Indonesia Stock Exchange, which facilitates the transactions.
Indonesia's President Launches Carbon Emissions Trading
KONTAN.CO.ID - JAKARTA. Indonesian President Joko Widodo on Tuesday launched his country's first carbon emission trading, with the aim of creating a market to fund efforts to reduce greenhouse gas emissions and become a major player in global carbon trade. Indonesia, an archipelago home to the world's third largest area of rainforest, is also one of the world's top greenhouse gas emitters. The Southeast Asian country has set a target of reaching carbon neutrality by 2060. Thirteen transactions representing carbon credits for nearly 460,000 metric tonnes of carbon dioxide equivalent (CO2e) were traded during the launch, priced at 69,600 rupiah ($4.51) per tonne, according to a trading board at the Indonesia Stock Exchange, which facilitates the transactions.