Indonesia launched its first carbon exchange on September 26, giving companies a chance to offset their emissions as the Southeast Asian country pledges to reach carbon neutrality in its power sector by 2050.
Indonesian President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. (Photo: Reuters)
Jakarta (VNA) – Indonesia launched its first carbon exchange on September26, giving companies a chance to offset their emissions as the Southeast Asiancountry pledges to reach carbon neutrality in its power sector by 2050.
Speaking at the event, Indonesian President JokoWidodo congratulated the Financial Services Authority (OJK), the Indonesia StockExchange (IDX), and related agencies on launching the first Carbon Exchange inIndonesia.
He said it is one of Indonesia's realcontributions to fighting with the world against the crisis due to climatechange. Carbon trading will help Indonesia to realise its commitments.
He said Indonesia has tremendous potential forcarbon reduction efforts and its carbon market could grow to reach 3,000trillion rupiah (194.30 billion USD).
Carbon transactions will take place on IDX andwill be monitored by OJK. According to IDX, thirteen transactions representingcarbon credits for nearly 460,000 metric tonnes of carbon dioxide equivalent(CO2e) were traded during the launch, priced at 69,600 rupiah (4.51 USD) pertonne.
IDXCarbon is considered a way to reduce emissionsto help Indonesia achieve its climate goals before 2050, which were agreedunder the 20 billion USD Just Energy Transition Partnersh♛ip (JETP) at the G20Summit hosted by Indonesia in November 2022./.
A logistical system is one of the important keys to support the acceleration of the national economic growth, Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto has stated.
Indonesia has the potential to become a country that has a strategic position to meet world gas needs, President of SPA for Asia Pacific Region ENI, Ciro Antonio Pagano, has said.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Indonesian President Joko Widodo speaks about the planned new capital Nusantara, at Ecosperity Week in Singapore June 7, 2023. (Photo: Reuters) 
