Indonesia projects to initiate its carbon exchange in September, with power generation companies the first to trade on it.
The exchange will be operated by Indonesia Stock Exchange (BEI) which overseeing by the Financial Services Authority, and the Ministry of Environment and Forestry.
Power producers that operate coal power plants and have a level of emissions lower than the level set by the government can sell emission allowances to their less efficient peers, according to Dr Ignatius Wahyu Marjaka, the director of the ministry’s department for the mobilization of sectoral and regional resources.
