Indonesia’s local companies make up 90% of carbon market buyers, IDX reveals

IDX Carbon named best official carbon exchange in an emerging economy by Green Cross. (Photo: IDX)

Indonesia’s official carbon exchange platform, IDX Carbon, has recorded nearly 1.6 million tons of carbon traded since its launch, with 90% of buyers coming from the domestic market. The exchange aims to reach a total transaction volume of 3 million tons by the end of this year.

IDX Carbon was recently recognized as the “Best Official Carbon Exchange in Emerging Markets” by the international NGO Green Cross, a distinction expected to boost the platform’s visibility among global climate stakeholders.

Local financial institutions drive market growth

Launched in 2023 under the auspices of the Indonesia Stock Exchange (IDX), the carbon exchange has seen cumulative trading reach 1,599,325 tons of CO₂ equivalent as of July 11, with total transaction value amounting to IDR 7.795 billion (about USD 4.7 million). The number of registered users has increased significantly from 16 to 113.