"Saksikan tayangan kami Official Youtube IDX Channel di Program Market Buzz, Senin (20/01/2025) dengan Tema Peluncuran International Carbon Trading Indonesia".
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00:00Indonesia's Mainhole Business Effect
00:05We will join with the Mainhole Business Effect Indonesia
00:09to join the inauguration of Indonesia's International Carbon Trading.
00:30This milestone could not have been achieved.
00:57On our own, but it's the result of strong synergy among stakeholders.
01:02We extend our deepest gratitude to the Financial Service Authority, or OJK,
01:08the Ministry of Environment, the Ministry of Forestry,
01:12the Ministry of Energy and Mines Resources,
01:14and other relevant parties for their invaluable support and contributions.
01:19Since the beginning, Ideas Carbon has been worked hand-in-hand with the stakeholders
01:25to ensure the success and sustainability of this initiative,
01:30symbolized by the power of collective effort in achieving shared goals.
01:35We envision that the synergy will become stronger in the future.
01:40To the end of this speech, I am inviting all carbon market stakeholders
01:45to unite this effort to push forward the carbon trading ecosystem
01:50that brings positive contributions to Indonesia and also the world.
01:55As we take the giant step forward, we reaffirm our commitment
02:00to building a greener, more sustainable future
02:04where Indonesia takes the lead in addressing the global challenge of climate change.
02:10Wassalamualaikum warahmatullahi wabarakatuh.
02:40I am always stressed when I look at the time.
02:46Wassalamualaikum warahmatullahi wabarakatuh.
02:50Good morning. May peace be upon us all.
02:53Om Swastiastu. Namo Buddhaya. Greetings of Virtue.
02:57Excellency Minister of Environment, Mr. Hanif Faisal Nurofik.
03:02Excellency Minister of Forestry, Mr. Raja Yuli Antoni.
03:07Chief Executive of Capital Market, Financial Derivative and Carbon Exchange Supervision, OJK, Mr. Inarno Jayadi.
03:15Vice Minister of Environment, Mr. Dias Hendro Priyono.
03:21Head of the Fiscal Policy Agency, Mr. Fabrio Kacaribu.
03:28His Excellency Ambassador and Representatives of Embassies and International Organizations.
03:37Board of Commissioners and Directors of IDX Carbon and all leaders of business, banking and representatives and associations.
03:47It is with great honor to welcome you to the launch of Indonesia International Carbon Trading,
03:52an important milestone in our efforts to collectively address the challenges of climate change to reduce carbon emissions and support sustainable practices.
04:01OJK acknowledges the efforts of all stakeholders involved in ensuring the successful implementation of this initiative.
04:10Such dedication highlights the importance of collaboration in achieving its national climate targets and promoting a robust carbon trading system.
04:20Therefore, we really highly appreciate the swift and coordinated efforts of the Ministry of Environment and relevant ministries
04:28in facilitating the opening of international carbon trading just three months after the new government under the leadership of President Prabowo Subianto.
04:41The collaborative efforts of all stakeholders in ensuring the successful implementation of this initiative
04:47highlight the importance of collaboration in achieving national climate targets
04:50and promoting a robust carbon trading ecosystem and supporting toward green economic growth.
04:57Excellencies, ladies and gentlemen, this commitment has been realized through synergy, collaboration and coordination
05:05to establish a reliable carbon trading ecosystem as mandated by the Presidential Regulation 98 of 2021.
05:13And in relation to this international carbon trading, OJK has accommodated both domestic and international carbon units to be traded through the carbon exchange,
05:24including by foreign investors and foreign involvement in the carbon exchange.
05:29OJK fully supports the initiative of international carbon trading that involves foreign parties.
05:35Excellencies, ladies and gentlemen, today we will certainly reach an important milestone
05:40as the Government of Indonesia and the carbon exchange commence international carbon unit trading.
05:46This trading will involve carbon units with guaranteed credibility and authorization by the Minister of Environment on behalf of the Government of Indonesia.
05:57And may our collective efforts pave the way for a more resilient, effective and secure future international carbon trading.
06:05We really deeply value your continued support and recognize the critical role of collaboration and coordination in achieving this goal.
06:14Thank you very much.
06:34The inauguration will be marked with the handscreen press by Chairman of OJK, the Minister of Environment, the Minister of Forestry,
06:54Chief Executive of Capital Market, derivatives and carbon exchange supervision OJK, and the President Director of IDX.
07:05Ladies and gentlemen, let's do the countdown together.
07:13From the count of 10, 9, 8, 7, 6, 5, 4, 3, 2, 1.
07:34And this officially marks that the Indonesia International Carbon Credit has been inaugurated.
08:01Please give a round of applause.
08:09Thank you. And for all the VIPs, please remain on stage for the group photo session.
08:15And you may step down to the second level of the stage.
08:18We would also like to invite other VIPs seated in the front row to join the photo session.
08:31Alright, let's count together with the hands up pose. 3, 2, 1.
09:01Alright, once more. We would like to invite the VIPs to use the hands up pose.
09:09Alright, let's count it together once more. 3, 2, 1.
09:20Alright, thank you. And for Mr. Hanif Faisal Nurofiq, please remain on stage for the keynote.
09:26And for other VIPs, you may return to your seat.
09:31We would like to invite Mr. Hanif Faisal Nurofiq, please remain on the stage.
09:40Alright, ladies and gentlemen, keynote speech by the Minister of Environment,
09:47Head of Environmental Management Agency of the Republic of Indonesia, Mr. Hanif Faisal Nurofiq.
09:54The time is yours.
09:56Bismillahirrahmanirrahim. Assalamu'alaikum warahmatullahi wabarakatuh.
10:02Ladies and gentlemen, this is a very happy day for all of us.
10:07And excuse me, Mr. Mahindra, I rarely use jazz,
10:13but since this is very important, I use jazz.
10:16A round of applause for OJK and all of you.
10:19We would like to present the keynote speech in English.
10:25Bismillahirrahmanirrahim. Assalamu'alaikum warahmatullahi wabarakatuh.
10:29Good morning, Minister of Forestry, Mr. Raja Juli Antoni,
10:34Chairman of Board of Commissioners Indonesia Financial Services Authority, Mr. Mahindra Siregar,
10:42Chief Executive of Capital Market Financial Derivatives and Carbon Exchange Supervision,
10:48Mr. Inarno Jayadi, Vice-Chairman of the Commission of the House of Representatives of the Republic of Indonesia,
11:00Mr. Sugeng Suparwoto,
11:05Head of the Fiscal Agency Policy, Minister of Finance, Mr. Fabio Kacaribu, Ph.D.,
11:12Vice-Minister of Environment, Vice-Head of Environmental Management Agency, Mr. Dias Indro Priyono,
11:28President Director Indonesia Stock Exchange, Mr. Imam Rahman,
11:35Ambassador, His Excellency, Mr. P.K. Kahilati,
11:39Ambassador of the Republic of Finland to Indonesia,
11:43Representative of the invite and embassies,
11:47Representative from Minister, Partner, Votes from the Private Sector,
11:51State-Owned Enterprise, and Representative of Foreign Companies that we cannot maintain one by one.
11:58It is our honor to stand before you today, January 20, 2025,
12:05as we gather to mark an important milestone in our collective journey towards a sustainable future.
12:13This morning we are in here for the launch of the international carbon trading at IDX Jakarta.
12:20This moment signifies the launch of international carbon trading,
12:25one of the biggest milestones in the implementation of the international carbon trading in Indonesia.
12:32The implementation of international carbon trading is a reflection of Indonesia's commitment following COP29,
12:41proving that Article 6 can be operationalized.
12:45This moment also strengthens efforts to encourage and accelerate the second nationally determined constitution,
12:54NDC, which will be submitted in mid-February 2025.
13:01As we all know, the government of Indonesia is striving to achieve NDC target,
13:08one of which is through the implementation of the carbon pricing mechanism,
13:14which includes carbon trading, emission trading and emission of yet,
13:19performance-based payment, result-based payment, RBB, carbon life-assist, and other mechanisms,
13:26in line with scientific and technology development.
13:30In accordance with the mandate in Presidential Regulation No. 98, 2021,
13:38the carbon trading mechanism, as part of the implementation of the carbon pricing,
13:44is carried out through the National Registry System of Climate Change, SRN-PPE.
13:51SRN-PPE serves as a platform for documenting every stage of the carbon unit trading process
13:59in detail, clarity principle.
14:02This process is then implemented under the regulated scheme based on the regulation
14:08derived from Presidential Regulation No. 98, 2021.
14:12The scheme is known as the Indonesia Greenhouse Gas Emission Reduction Certification Scheme, SPAE,
14:22and it is able to build the transparent, integrity-driven, inclusive, and fire-carbon system.
14:31The government of Indonesia has strengthened by key elements of the carbon ecosystem,
14:36including National Registry System, SRN, Measurement, Reporting, and Verification, MRV,
14:45Greenhouse Gas Emission Reduction Certificate, SPAE-GRK,
14:51and Authorization and Correspondence Adjustment, CA, and international carbon trading.
14:57With these key elements in place, it can be ensured that the emission reduction certificate, SPAE,
15:03issued by Indonesia are of high integrity.
15:09To implement the mandate in accordance with regulation related to international carbon trading,
15:17which launched today, January 20, 2025,
15:22several projects have been prepared based on the carbon registry data,
15:26including operation on new power plant of nature gas of PLTGU,
15:34Priok Block 4, available for 595,000 tons of CO2 equivalent.
15:42Conversion from single cycle to combined cycle on power plant of PLTGU,
15:50Grati Block 2, available for 400,000 tons of CO2 equivalent.
15:58Operation of mini hydro power plant Gunung Wugul, available for 5,000 tons of CO2 equivalent.
16:08Construction of new power plant of nature gas of PLTGU,
16:13PJB Muara Karang Block 3, available for 750,000 tons of CO2 equivalent.
16:23Conversion of single cycle to combined cycle on power plant of PLN and PUB,
16:30Muara Tawar Block 2, available for 30,000 tons of CO2 equivalent.
16:36Regarding carbon trading through the carbon exchange,
16:41SRN has interacted with the carbon exchange operated by the Financial Services Authority, OGK.
16:50This interaction means that both systems share data and report periodically on each transition and of course.
16:58Concerning international transition and alignment with existing regulations,
17:02each carbon unit transfer will be recorded for transition with international actors,
17:10within the framework of cooperation of carbon pricing.
17:14The Government of Indonesia guaranteed that every certificate issued for international carbon trading
17:22has been validated, authorized as part of the safeguarding,
17:27again, double accounting, double payment and double claiming.
17:33Through the launch of the international carbon trading,
17:36it is hoped that this will serve as a foundation for global climate action that turn ambition into action,
17:45aligning economic growth with environmental responsibility.
17:49In conclusion, I urge each of us to seize this opportunity wholeheartedly.
17:56Let us use carbon trading not only as a tool to reduce emissions,
18:01but also to inspire a global movement towards sustainability.
18:06We assure you that every certificate trade after 2021 will be registered and duly authorized.
18:13Together we can ensure that the legacy of our generation is one of a correct collaboration and hope.
18:23Thank you and let us enjoy this morning while inspiring ourselves to contribute to carbon trading for Indonesia.
18:31Thank you. Terima kasih.
18:43Ladies and gentlemen, the next agenda is the praying session that will be led by Mr. Dery Yustria from Indonesia Stock Exchange.
18:58Mr. Dery Yustria, the time is yours.