Companies in power generation will become the first to trade in the exchange, while those in other sectors are under assessment to get onboard. Read more at straitstimes.com.
JAKARTA – Indonesia is poised to launch its carbon exchange in September, with power generation companies the first to trade on it.
Indonesia, South-east Asia’s largest economy and the world’s eighth-largest greenhouse emitter, in FebruaryMore than half of the power generation in the country is sourced from coal. Forestry and similar sectors linked to land use, together with energy and transportation, make up 97 per cent of Indonesia’s pledge to reduce emissions and adapt to climate change. Late last year, the government, or by 43.2 per cent with international financial support.
“These entities will have two options – joining the exchange, or doing their own trading with buyers if they already have contracts with them,” he said. Dr Edo Mahendra, special adviser on carbon trading to the Coordinating Minister for Maritime Affairs and Investment, told ST that while the initial stage of Indonesia’s exchange will involve at least one sector, it seeks to adopt best practices applied in other exchanges worldwide.Singapore’s Climate Impact X launches global carbon spot trading exchange
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
George Goh defends his eligibility to run for president, says he formed team to gauge qualificationsHis team advised him that the 'stable of companies which he manages, taken together, would enable him to qualify'. Read more at straitstimes.com.
Read more »
Jens Stoltenberg leaves open prospect of staying on as Nato leaderJens Stoltenberg is due to step down in September after nine years as secretary-general of the military alliance. Read more at straitstimes.com.
Read more »
Indonesian prosecutors name 3 palm oil groups suspects in corruption caseJAKARTA: Indonesia's attorney general's office has named three palm oil companies as suspects in a corruption investigation, alleging misconduct in obtaining export permits at a time when shipments were being restricted. The investigation comes after Indonesia's Supreme Court last month upheld a lower cour
Read more »
Evening Update: Today's headlines from The Straits Times on June 14, 2023Read more at straitstimes.com.
Read more »
Malaysia's Lee Zii Jia to 'quit badminton for a while' following Indonesia Open lossJAKARTA: Malaysian badminton player Lee Zii Jia has decided to take a break from the sport to rest and rediscover his motivation following a series of poor performances. Lee, who was b
Read more »
Indonesia confirms buying used fighter jets for US$800 million after deal criticisedJAKARTA: Indonesia confirmed on Wednesday (Jun 14) it had bought 12 Mirage 2000-5 fighter jets previously used by Qatar, defending the nearly US$800 million deal as a fast way to upgrade the air force after it was criticised by lawmakers who said the planes were too old. The defence ministry said in a stat
Read more »