The program came onto the radar screen of carbon market stakeholders in late September, when Indonesian President Joko Widodo unveiled the Indonesia Carbon Exchange (IDXCarbon) – the platform on which the ETS’s compliance instruments and various carbon contracts are to be traded. The inaugural trades on IDX involved banks buying domestic offset credits from geothermal energy projects at about USD 4.50/t.
Following the previous analysis on Indonesia, we explain the high-emitting nation’s intensity-based emission trading system for the power sector.
ETS details: standards for emissions intensity Indonesia’s ETS closely resembles that of China (see our latest China ETS analysis here) in that it covers only power plants (but is intended to expand coverage to other sectors in future compliance periods, …
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