The Financial Services Authority (FSA) convened a Focus Group Discussion on carbon exchanges and market places on October 25th, 2022. It aimed to provide insights to draft regulation on carbon exchanges in accordance with the Presidential Regulation 98 of 2021 on Carbon Pricing. 

CarbonX is honoured to be invited to the event, to provide context regarding the voluntary carbon market from the perspective of investors and/or project developers. CarbonX was well-represented at the event by Investment Director, Dessi Yuliana. 

CarbonX is also delighted to share the stage with one of our strategic partners, AirCarbon. Drawing from the experience of facilitating carbon trading in the past few years, AirCarbon highlighted the essential role of technology in their exchange that allows transactions to be accountable and transparent, while simultaneously incentivizing carbon project developers. 

Carbon markets or exchanges could facilitate transparent and efficient trading while also incentivizing greater private sector participation in climate action. The platforms also enable companies to meet government compliances or make carbon offset commitments through their selected characteristic projects. 

CarbonX recognises the profound challenges of tackling climate change in the coming years. That being said, we believe that it is critical for all parties to collaborate, specifically in ensuring that the opportunities presented by the carbon market could benefit governments, local communities, private sector, and ultimately the sustainable future of the environment.