Indonesia launches international carbon trading platform to accelerate climate goals

Indonesia has officially unveiled its first international carbon trading platform, a significant step towards achieving its ambitious climate targets.

The platform was launched to facilitate both domestic and international carbon unit trading, leveraging blockchain technology to ensure transparency and efficiency, as reported by Xinhua News Agency, a partner of TV BRICS.

Speaking at the launch, Mahendra Siregar, head of the Financial Services Authority, highlighted Indonesia’s commitment to becoming a leader in carbon trading, emphasising the platform’s role in attracting foreign investors and driving sustainable development.

Hanif Faisol Nurofiq, Director General of Forestry Planning and Environmental Governance at the Ministry of Environment and Forestry, underscored the initiative’s alignment with Indonesia’s Nationally Determined Contribution (NDC) commitments.

The nation aims to cut emissions by 31.89 per cent through domestic efforts and by 43.20 per cent with international support by 2030, targeting net-zero carbon emissions by 2060.

This international trading platform is expected to bolster Indonesia’s position in global climate action while providing a robust mechanism for reducing carbon footprints, the source claims.

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