OJK Targets 99 PLTUs To Enter Carbon Trading This Year

Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar. (Photo: Doc. ANTARA)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said, in preparing for carbon trading on the Carbon Exchange, OJK together with related ministries/agencies, and with the support of international institutions, had conducted socialization during the period July to September 2023.

According to him, the authorities have held a National Seminar on the Reduction of Greenhouse Gas Emissions and Carbon Trading Opportunities in Indonesia in five cities, namely the cities of Surabaya, Balikpapan, Makassar, Medan and the peak of a series of seminars held in Jambi City.

"To encourage the successful implementation of the first trade of carbon units on the Carbon Exchange, based on data from the Ministry of Energy and Mineral Resources and PT PLN (Persero), there are 99 coal-based Steam Power Plants (PLTU), which have the potential to participate in this year's carbon trade," he said, Tuesday, September 26.

According to Mahendra, this number is equivalent to 86 percent of the total Coal PLTU operating in Indonesia.

Apart from the electricity generation sub-sector, carbon trading in Indonesia in the future will also be enlivened by other sectors which are priority sectors to meet the Nationally Determined Contribution (NDC) targets.

These sectors include forestry, agriculture, waste, oil and gas, general industries and those that will follow from the marine sector," he said.

At the beginning of this carbon trade, trade will gradually be carried out by ensuring quality carbon units, starting from emissions (Emission Trading System/ETS) and the forestry sector.

Indonesia's carbon currency will be one of the largest and most important carbon exchanges in the world because of the volume and diversity of carbon units traded and its contribution to reducing national and world carbon emissions. Today we are starting the history and beginning of the new era," Mahendra said.