Indonesia launched its first carbon emissions trading market to curb the climate impact of its coal-dominated power sector.
During a launch ceremony on September 26, an initial 13 transactions covering 459,914 tons of CO2 equivalent were made on the bourse operated by the Indonesia Stock Exchange.
Carbon credits traded at a price of 69,600 rupiah ($4.51) per unit, which is far below the cost of similar products in established emissions markets like the European Union.
