Carbon Market

Indonesia launched IDXCarbon in 2023 and has been building the regulatory scaffolding for both domestic compliance trading and international cooperation under Article 6 of the Paris Agreement.

Thin liquidity, uncertain corresponding-adjustment rules and unresolved questions about credit quality keep prices well below abatement costs — which in turn keeps supply from materialising.

We monitor price formation and traded volumes, assess methodology integrity, and model how policy choices on caps, benchmarks and Article 6 authorisation shape market depth.