Minister Airlangga Asks IDX to Prepare Carbon Trading Mechanism

Translator

Ririe Ranggasari

Editor

Laila Afifa

16 November 2021 17:48 WIB

TEMPO.CO, JakartaCoordinating Minister for Economic Affairs Airlangga Hartarto asked the Indonesia Stock Exchange or IDX to prepare the mechanism for carbon trading in Indonesia. He said that in terms of climate change, the government appreciates IDX's efforts in launching green bonds and green sukuk. However, additional methods are required.

"The stock exchange needs to prepare for carbon trading, together with the Finance Ministry and the Environment and Forestry Ministry," Airlangga said during an online event, Tuesday, November 16.

Airlangga said Indonesia has the power to capture carbon from the mining and energy sectors. To do so, several projects and pilot projects were prepared.

"We also produce renewable energy, one of which is geothermal, which automatically obtains CDM CO2 pricing," he said.

He believes it would be a good thing for the stock market mechanism to capture the opportunities. Airlangga hopes that carbon trading can be launched in conjunction with Indonesia's G20 presidency starting this year until the next. 

The minister added this is now a homework assignment for IDX CEO Inarno Djajadi and his team. The Finance Ministry, the Environment and Forestry Ministry, and the OJK, he said, must prepare a regulatory framework for carbon trading.

"And we want this to be done in Indonesia, not in other countries," Airlangga said.

Read: Walhi Deems Carbon Trading as a Ruse

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