Establishment of Carbon Exchange Mechanism a Priority
To ensure that carbon trading will run according to the government's target, there needs to be a standardized and independent institution that is tasked with calculating the amount of carbon.
Discussion on the topic "Welcoming the Carbon Exchange" in Central Jakarta, Thursday (11/5/2023).
JAKARTA, KOMPAS — In the midst of the political year ahead of the 2024 general election, the government is targeting carbon trading to begin operation in September 2023. To ensure the target can be realized and the trading operation can be carried out professionally, the government needs to prioritize the establishment of an institution that will be tasked to calculate the amount of carbon and to organize carbon trading.
The term carbon trading appears in Presidential Regulation Number 98 of 2021 concerning the Implementation of the Carbon Economic Value for Achieving Nationally Determined Contribution Targets and Controlling Greenhouse Gas Emissions in National Development. The regulation defines carbon trading as a system that regulates the recording of reserves, trading and ownership status of carbon units.