By leveraging ACX's technology, the CarbonX partnership will launch with immediate scale.
"Today's announcement marks another milestone in ACX's rapid ascent as one of the world's premier carbon marketplaces. If all of this takes place optimally, Indonesia can produce a massive supply of carbon offsets and contribute to the NDC commitment, while also providing social and economic co-benefits ," Pandu said.ĪirCarbon Exchange Managing Director and Co-Founder, William Pazos stated the collaboration with CarbonX will provide more opportunities for carbon asset producers in Indonesia. "The carbon marketplace platform scheme created by CarbonX can contribute to assisting investment funding to achieve NZE targets. Considering Bappenas data, Indonesia will require massive investments of around 3.4 to 3.5 percent of GDP per year to achieve the NZE. To achieve the target, all actors need to collaborate and are supported by enabling policies. "The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner," Dessi said in an official statement, Monday () in Jakarta.Ĭommissioner of CarbonX, Pandu Sjahrir added, Indonesia currently has committed to making a transition to a green economy through the Net Zero Emission (NZE) target in 2060 which is embodied in Presidential Regulation Number 98/2021 on the Implementation of Carbon Economic Value. Also, the carbon marketplace will allow the growing Indonesian carbon market to rapidly scale up. ABU DHABI, UAE, SINGAPORE and JAKARTA, Indonesia , Ma/PRNewswire/ - CarbonX, an Indonesian high impact Carbon asset developer, has signed a Memorandum of Understanding (MoU) with the world's first fully digital carbon exchange, AirCarbon Exchange (ACX) to jointly develop a carbon marketplace in Indonesia.ĭirector of CarbonX, Dessi Yuliana stated that the partnership will provide Indonesian carbon project developers with a domestic carbon market linked to ACX's international client order book.
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