Certification headache for budding carbon market


In Indonesia, trading activity is currently voluntary, but in the future, companies exceeding a certain emissions cap will be obliged to purchase carbon credits to make up the difference. — The Jakarta Post

JAKARTA: The recent launch of Indonesia’s carbon exchange could drive the business of carbon credit certification as firms and organisations seek to consolidate their sustainability credentials, but experts note that the regulatory framework for this has yet to be completed.

Purchasing carbon credits allows companies to offset their emissions, while the sale of such credits can generate revenue to reward sustainable action.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

US weekly jobless claims fall; layoffs drop in September
EPF calls for pension system reforms to secure lifelong retirement income
IOIPG returns to Shenton House with S$217mil deal
Yinson GreenTech,�Langkawi Port ink�MOU to pilot open sea electric ferry in Langkawi
Hextar Capital unit bags RM60mil road upgrading subcontract
Ringgit ends higher against major currencies, easier vs greenback
Formosa Prosonic redesignates Cheong Hong Yip as managing director
EMPG Group signs underwriting deal for ACE Market IPO
Ajiya disposes of Puchong property for RM58mil
Hengyuan Refining appoints Erkki Ranta as CEO

Others Also Read