Navigating Towards a Sustainable Future Analysis and Strategy for Carbon Trading in Indonesia

DOI

10.2991/978-94-6463-522-5_48How to use a DOI?

Keywords

Carbon Trading; Climate Change Mitigation; Sustainable Development

Abstract

This article explores Indonesia’s trajectory towards a sustainable future, explicitly focusing on analyzing carbon trading strategies. Leveraging data from IDXCarbon, the study elucidates opportunities and challenges in adopting carbon trading mechanisms to mitigate climate change impacts by examining market trends, regulatory frameworks, and environmental challenges. This study evaluates Indonesia’s carbon market dynamics from January to April 2024, focusing on a comparative analysis of volume, transaction value, frequency, and participation in different types of carbon markets. The data analyzed includes the Main Market, Regular Market, and Other Markets (Auction, Marketplace, and Negotiation). The research identified several opportunities and challenges in developing Indonesia’s carbon market. An increase in the number of participants from 48 in January to 57 in April indicates growing interest, although consistency of activity remains a key challenge. Based on these findings, strategic recommendations include improving the consistency of trading activities, developing market stabilization policies, and diversifying products and trading mechanisms to increase market liquidity and participation. This research provides important insights for stakeholders in the carbon sector and the Indonesian government in building a sustainable and efficient carbon market, which aligns with global efforts to reduce carbon emissions and address climate change.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Richatul Jannah
AU  - Fitrarena Widhi Rizkyana
AU  - Meilani Intan Pertiwi
AU  - Risanda Alirastra Budiantoro
AU  - Anis Susanti
AU  - Tiara Dwi Lestari
PY  - 2024
DA  - 2024/10/04
TI  - Navigating Towards a Sustainable Future Analysis and Strategy for Carbon Trading in Indonesia
BT  - Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24)
PB  - Atlantis Press
SP  - 635
EP  - 650
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-522-5_48
DO  - 10.2991/978-94-6463-522-5_48
ID  - Jannah2024
ER  -