Carbon marketplaces are growing internationally. CarbonX, an Indonesian carbon asset developer, has signed a Memorandum of Understanding (MoU) with the world’s first fully digital carbon exchange, AirCarbon Exchange (ACX) for the joint development of a carbon marketplace in Indonesia.
The new marketplace will aim to provide Indonesian carbon projects with a domestic carbon market that would allow the exchange of carbon credits. The market would also be linked to ACX’s already built international client order book. The new platform will allow the secure trading of credits which would support the growing Indonesian carbon market.
“The joint venture delivers all aspects of a comprehensive carbon infrastructure where buyers and sellers worldwide and domestically can transact in a transparent and efficient manner,” said Dessi Yuliana, Director of CarbonX.
AirCarbon Exchange is also enthusiastic about the partnership. According to management, the new marketplace will launch with an immediate scale as it will be boosted by ACX’s technology and carbon market participants from 30 countries.
ACX is a Carbon Negative Exchange that has been recognized as one of the world’s premier carbon marketplaces. Even though the first carbon trade was completed on the platform at the start of 2021, the Exchange has grown significantly and has been bringing transparency, efficiency, and liquidity to the voluntary carbon markets.
ACX’s client base also includes corporate entities, financial traders, carbon project developers and other industry stakeholders that could be leveraged to support the new venture.