Indonesia’s financial regulator said on May 5 that the government plans to launch a carbon exchange in the second half of this year, as part of efforts to boost renewable energy use and achieve net-zero emissions by 2060.
Indonesia, as Southeast Asia's largest economy and one of the world's biggest carbon emitters, aims to cut its emissions by at least 30% by 2030.
"We are preparing [to launch] the carbon exchange...to support the early retirement of coal-fired power plants," Mahendra Siregar, the country's financial services authority (OJK) chief said.
