Jakarta launches carbon credit trading


Sector overhaul: Piles of coal at a port in Jakarta. Indonesia generates a large proportion of its electricity with coal-fired powerplants. — AFP

Jakarta: Indonesia launched trading in a new carbon emissions credit market as it aims to curb the climate impact of its coal-dominated power sector and hit net zero by 2060 or sooner.

Trading of carbon credits and other emissions reductions efforts could eventually deliver an economic gain of as much as 3,000 trillion rupiah, President Joko Widodo said Tuesday at a launch event in Jakarta.

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