Today the Indonesia Carbon Exchange (IDXCarbon) officially launched and executed its first carbon credit trades. ACX (formerly AirCarbon Exchange) provided the blockchain-based platform that underpins the exchange which is operated by the Indonesia Stock Exchange (IDX).
Indonesia is the world’s tenth most polluting country. That’s not quite as bad as it sounds given that it is home to the world’s fourth largest population at 261 million people. Its goal is to achieve net zero emissions by 2060 or sooner.
Initially, most of the participants will do so voluntarily. The first day of trading saw carbon credit purchases by several banks, securities houses and other organizations.
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