This week Metaverse Green Exchange (MVGX), a blockchain-based carbon credit exchange, announced a collaboration with the Indonesia Stock Exchange (IDX). At this stage, IDX is ‘exploring the possibility’ of working with MVGX.
Indonesia has committed to reducing greenhouse gas emissions by 43% by 2030 and is planning to launch its own trading scheme by 2025.
“Today, carbon markets still continue to face challenges around lack of transparency, standardization, and liquidity — we are thrilled to be supporting IDX as they work towards meeting this critical milestone as part of Indonesia’s climate policy and as they raise the bar for green finance in the region,” said Bo Bai, Executive Chairman and Co-Founder of MVGX.
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