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September 12, 2023

Indonesia’s carbon exchange launch may face further delay

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Indonesia’s carbon exchange had already faced delays due to debate on whether carbon credits would be classed as a commodity or a security (Photo: Maciek905/Dreamstime)

If Indonesia misses a September deadline to unveil its first carbon exchange market, authorities will be under pressure to ensure launch ahead of 2024’s presidential elections

In August, Indonesia’s financial watchdog, the OJK, released supervisory guidelines ahead of the launch of the country’s carbon exchange market. In its announcement, the OJK said carbon trading was set to commence in September, but experts now doubt this will happen.

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