AsianFin -- Indonesia has opened its domestic carbon exchange, IDXCarbon, to foreign participants, marking a step toward re-establishing itself as a leading hub for carbon offsets and attracting more investment for local climate initiatives.
Operated by the Indonesian stock exchange, IDXCarbon started trading by offering domestic carbon credits from five energy generation projects owned by state-run utility PT Perusahaan Listrik Negara. The exchange sold 41,822 tons of CO2E, with credits priced at 96,000 rupiah per ton for energy efficiency projects, such as gas plants, and 114,000 rupiah per ton for renewable energy projects, including a mini hydro plant, according to exchange data.
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