IDX CARBON | MINISTRY OF ECOLOGY, IDN

This award recognizes IDXCarbon as the Best Official Carbon Exchange in an Emerging Economy, highlighting its pivotal role in establishing Indonesia's nascent carbon market. Launched in September 2023 under the stringent oversight of the Indonesian Financial Services Authority (OJK), it provides a robust, regulated platform crucial for an expanding economy.

The exchange's intrinsic integration with the national Climate Change Control National Registry System (SRN PPI) guarantees seamless credit transferability, vital traceability, and the strict prevention of double counting—all essential for maintaining market integrity. IDXCarbon operates a comprehensive secondary market, offering diverse trading mechanisms for carbon credits, including their innovative classification as securities.

This early and functional establishment, fostering transparency and efficient carbon pricing, positions IDXCarbon as a key facilitator in Indonesia's strategic decarbonisation journey. It sets a crucial precedent for other emerging economies seeking to leverage market mechanisms for climate action.