Rp 77.95 billion (~US$5.2 M) in transactions and nearly 1.6 million tonnes CO₂e SPE GRK mark the platform’s performance to July 2025 illustrates growing domestic appetite for carbon offsets and show the exchange is on track to meet its full-year goal of 3 million tonnes CO₂e—roughly matching the current supply on IDX Carbon.
Indonesia’s flagship carbon marketplace, IDX Carbon, has recorded Rp 77.95 billion in trading value with 1.6 million tonnes of CO₂ equivalent exchanged through July 11, 2025. Since its September 2023 launch, the platform has expanded its user base from 16 to 113, setting the stage for ambitious targets later this year.
RELEVANT SUSTAINABLE GOALS
Record Transaction Value and Volume Growth
“Rp 77.95 billion in transactions and nearly 1.6 million tonnes CO₂e SPE GRK” mark the platform’s performance to date, said Iman Rachman, President Director of PT Bursa Efek Indonesia (BEI). The figures illustrate growing domestic appetite for carbon offsets and show the exchange is on track to meet its full-year goal of 3 million tonnes CO₂e—roughly matching the current supply on IDX Carbon.
Platform users have jumped sevenfold, from 16 founding members to 113. Among the 15 inaugural buyers, six hail from the financial services sector, underlining banks and insurers’ early embrace of carbon trading. BEI aims to continue this momentum, targeting 150 active users by December 2025.
BEI oversees IDX Carbon’s trading processes in partnership with the Ministry of Environment and Forestry (KLH). “Supervision is structured much like stock oversight, albeit simpler,” Rachman explained, noting that teams within BEI’s Directorate of Oversight monitor daily transactions to safeguard market integrity.
Surge in Carbon Retirement Activity
Beyond trading, carbon “retirements”—units formally taken out of circulation upon use—have leapt from 6,260 tonnes in 2023 to 980,400 tonnes in the first half of 2025. This spike reflects growing commitments by companies and institutions to offset their emissions through domestically traded credits.
To bolster international credibility, KLH is negotiating Mutual Recognition Agreements (MRAs) with leading certification bodies Gold Standard and Verra. Deputy Minister Diaz Hendropriyono said discussions with Gold Standard have progressed through ten draft revisions, aiming for a signing by mid-2025. Talks with Verra, launched April 11, remain in an earlier phase and will be aligned with Presidential Regulation 98/2021 and Ministerial Regulation Permen LHK 2021. All transactions must be recorded in Indonesia’s Sistem Registrasi Nasional (SRN) and maintain a buffer to safeguard the nation’s Nationally Determined Contribution (NDC) targets, while accommodating global carbon-market standards.
With robust domestic trading and plans for international accreditation, BEI and KLH aim to position IDX Carbon as Southeast Asia’s model for tropical carbon markets. As the platform advances toward its 3 million-tonne and 150-user milestones, Indonesia is staking its claim as a regional leader in transparent, home-grown carbon finance.
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