Indonesia launches international carbon exchanges
Indonesia opens its carbon exchange for international markets, giving companies outside the archipelago a chance to offset their emissions, as Jakarta pledged to phase out coal by 2040.
The move comes after Jakarta launched its first carbon exchange in September 2023 for its domestic markets in a move lauded at the time to assist Indonesia in achieving its climate goals.
AFP VIDEO
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Indonesia opens its carbon exchange for international markets, giving companies outside the archipelago a chance to offset their emissions, as Jakarta pledged to phase out coal by 2040.
The move comes after Jakarta launched its first carbon exchange in September 2023 for its domestic markets in a move lauded at the time to assist Indonesia in achieving its climate goals.
AFP VIDEO
Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe
Visit our website at https://www.manilatimes.net
Follow us:
Facebook - https://tmt.ph/facebook
Instagram - https://tmt.ph/instagram
Twitter - https://tmt.ph/twitter
DailyMotion - https://tmt.ph/dailymotion
Subscribe to our Digital Edition - https://tmt.ph/digital
Check out our Podcasts:
Spotify - https://tmt.ph/spotify
Apple Podcasts - https://tmt.ph/applepodcasts
Amazon Music - https://tmt.ph/amazonmusic
Deezer: https://tmt.ph/deezer
Tune In: https://tmt.ph/tunein
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NewsTranscript
00:007, 6, 5, 4, 3, 2
00:22Once more, 3, 2, 1
00:27The Minister of Forestry, Chief Executive of the Capital Market, everybody stand up
00:33Give her a round of applause
00:38Give her a round of applause
00:43For this achievement
00:48And 9, authorised trade from 9, number of buyers
00:53Allahumma inna nas'aluk wa s-salamu ala tamfiri wa amfira tamfiri wa jasad wa ziyada tamfiri
00:58Alhamdulillah, Alhamdulillah, Alhamdulillah, Alhamdulillah, Alhamdulillah, Alhamdulillah, Alhamdulillah
01:02To inform that the press conference will actually begin at 9.40 a.m. at the IJK
01:13The sponsor of OJK, just like the online of OJK, has been brought to us
01:24Thank you
01:33In our effort to mitigate climate change, the world's attention to focus on Indonesia
01:39as a pivotal player in these shared missions
01:42The integration of Indonesian international carbon trading initiative signifies a ground-breaking milestone
01:50demonstrating Indonesia's readiness to make a significant contribution toward achieving global emission reduction targets
01:57One of the key factors of this success is the contribution from Indonesia, stock exchange listed companies and their subsidiaries
02:04Their interest in buying carbon units accounted for around 83% of total carbon trading volume
02:13We hope these companies will continue to set an example, inspiring to other companies and businesses in Indonesia
02:21to participate actively in this growing and dynamic market
02:25The implementation of international carbon trading is a reflection of Indonesia's commitment following COP29
02:33proving that Article 6 can be operationalized
02:36Through the launch of international carbon trading, it is hoped that this will serve as a foundation for global climate action
02:45that turns ambition into action, aligning economic growth with environmental responsibility
03:06For more UN videos visit www.un.org
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