Indonesia issues rule on how to run its first carbon market

Indonesia's financial regulator has issued rules on the establishment of a carbon exchange to launch onshore carbon trading by the end of the year, as part of efforts to cut emissions and achieve net-zero emissions by 2060, allowing for cross-border trade in a cap-and-trade system using certificates quantifying greenhouse gas reduction.

reuters.com

Relevant topic timeline:

8/28/2023

Kenya's Legislature Initiates Bill on Carbon Markets

Kenya's parliament has introduced legislation to facilitate the trading of carbon credits in order to reduce carbon emissions, with one local manufacturer already producing low-emission cooking stoves.

9/18/2023

Carbon Markets Offer New Model to Drive Sustainability Through Trading and Offsetting Emissions

Global carbon markets are an alternative model for addressing greenhouse gas emissions and combating climate change, providing an avenue for companies and individuals to offset their emissions and promote sustainable consumption patterns; Brazil, with its substantial natural capacity for carbon dioxide capture, has the potential to become a sustainability powerhouse in this field.