OJK Optimistic Carbon Exchange Will Grow in 2024
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10 January 2024 10:50 WIB
TEMPO.CO, Jakarta - The Financial Services Authority or OJK is optimistic that the Indonesian carbon exchange will continue to grow in 2024. The Chief Executive of Capital Markets, Financial Derivatives, and Carbon Exchange Supervisor Inarno Djajadi explained the reasons.
"One of which is the increasing number of carbon units transactions, from the carbon credit scheme or the Indonesian GHG Emissions Reduction Certificate (SPEGRK) and the potential increase from the allowance scheme Emissions Upper Limit Technical Approval (PT BAE-PU)," Inarno said during a press conference on Tuesday.
In addition, Inarno said, the growth must be supported by all sectors of industries to achieve the net zero target. "Currently. more and more industries have net zero targets, from transportation, banking, and mining," he said.
Foreign trade is also one of the reasons, which Inarno hoped could be realized soon. "Considering Indonesia's potential as a country with carbon reserve from forestry and marine sectors," he added.
Another, no less important factor, is carbon tax. According to Inarno, a carbon tax could support the entire system of carbon trading. On the other hand, he claimed that OJK has coordinated with the Ministry of Energy and Mineral Resources (EMR) and the Ministry of Environment and Forestry.
"EMR ministry publishes while the environment ministry regulates SRN PPI (National Registration System of Climate Change Control), where each trade of carbon unit must go through its system," he said,
OJK hopes that an integration between SRN PPI and the EMR ministry's system, APPLE-GATRIK (Electrical Emissions Calculation and Report Application) could be realized soon.
DEFARA DHANYA PARAMITHA
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