Navigating Towards a Sustainable Future Analysis and Strategy for Carbon Trading in Indonesia

Richatul Jannah (), Fitrarena Widhi Rizkyana, Meilani Intan Pertiwi, Risanda Alirastra Budiantoro, Anis Susanti and Tiara Dwi Lestari
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Richatul Jannah: Universitas Negeri Semarang, Accounting Department, Faculty of Economics and Business
Fitrarena Widhi Rizkyana: Universitas Negeri Semarang, Accounting Department, Faculty of Economics and Business
Meilani Intan Pertiwi: Universitas Negeri Semarang, Accounting Department, Faculty of Economics and Business
Risanda Alirastra Budiantoro: Universitas Negeri Semarang, Islamic Economics and Finance Department, Faculty of Economics and Business
Anis Susanti: Universitas Negeri Semarang, Office Administration Education Department, Faculty of Economics and Business
Tiara Dwi Lestari: Universitas Negeri Semarang, Accounting Department, Faculty of Economics and Business

A chapter in Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), 2024, pp 635-650 from Springer

Abstract: Abstract This article explores Indonesia’s trajectory towards a sustainable future, explicitly focusing on analyzing carbon trading strategies. Leveraging data from IDXCarbon, the study elucidates opportunities and challenges in adopting carbon trading mechanisms to mitigate climate change impacts by examining market trends, regulatory frameworks, and environmental challenges. This study evaluates Indonesia’s carbon market dynamics from January to April 2024, focusing on a comparative analysis of volume, transaction value, frequency, and participation in different types of carbon markets. The data analyzed includes the Main Market, Regular Market, and Other Markets (Auction, Marketplace, and Negotiation). The research identified several opportunities and challenges in developing Indonesia’s carbon market. An increase in the number of participants from 48 in January to 57 in April indicates growing interest, although consistency of activity remains a key challenge. Based on these findings, strategic recommendations include improving the consistency of trading activities, developing market stabilization policies, and diversifying products and trading mechanisms to increase market liquidity and participation. This research provides important insights for stakeholders in the carbon sector and the Indonesian government in building a sustainable and efficient carbon market, which aligns with global efforts to reduce carbon emissions and address climate change.

Keywords: Carbon Trading; Climate Change Mitigation; Sustainable Development (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-522-5_48

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