Jakarta (VNA) – Indonesia plans to launch its carbon exchange in September, withpower generation companies the first to trade on it.
The exchange willbe operated by Indonesia Stock Exchange (BEI) u🐷nder the supervisory of the Finan✃cial Services Authority, and the Ministry of Environment and Forestry.
According to directorof the ministry’s department for the mobilisation of sectoral andregional resources Dr Ignatius Wahyu Marjaka, power producers that operate coal power plants and have a level ofemissions lower than the level set by the government can sell emissionallowances to their less efficient peers. In February, Indonesia - Southeast Asia’s largesteconomy and the world’s eighth-largest greenhouse emitter - launched the firstphase of mandatory carbon trading for 99 coal power plants owned by 42companies and supplying electricity to state utility firm PLN. More than half of the power generation in the country issourced from coal. Wahyu said that Indonesia is also looking into companies inthe forestry sector that are quite capable and can meet the requirements totake part in the exchange in September. Forestry and similar sectors linked to land use, togetherwith energy and transportation, make up 97% of Indonesia’s pledge to reduce emissions and adapt to climatechange. Late last year, the government enhanced its target tocut emissions by 2030 by 31.89%,or by 43.2% withinternational financial support. Wahyu said that Indonesian government is also identifying entities that contributed to removing 577million tonnes of carbon dioxide equivalent (CO2e) verified under the UnitedNations Framework Convention on Climate Change between 2018 and 2020. Thecurrent identification is geared towards those accounting for 100 milliontonnes CO2e of the overall figure, he said./.
The Indonesian Navy on June 15 convened the 5th International Maritime Security Symposium (IMSS) in Makassar, South Suluwesi, discussing common concerns related to maritime security.
Indonesian Trade Minister Zulkifli Hasan on June 15 informed that his ministry has signed a memorandum of understanding (MoU) on importing one million tonnes of rice from India to anticipate the impact of the El Niño phenomenon this year.
Indonesia can catch up with China and India to emerge as a new economic force within five years, affirmed Indonesian Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan.
Ạuthorities of Indonesia’s Bali have recently issued new regulations for foreign tourists to address the increasing number of law violations on this resort island.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Member states also reviewed progress on six priority areas for 2025, including the development of an underground cable framework, the follow-up agreement to the ASEAN Petroleum Security Agreement (APSA), the launch of the ASEAN Energy Efficiency Database, and the rollout of an investment platform for sustainable building initiatives.
In March, Thai Prime Minister Paetongtarn Shinawatra met with Formula 1 chief Stefano Domenicali and said Thailand would commission a feasibility study into hosting a Grand Prix on a Bangkok street circuit from 2028.
The proposed giant sea wall aligns with bilateral cooperation and has been designated a national priority, considering that several regions in Indonesia are experiencing land subsidence of 10–15 centimetres per year.
International flights were cancelled including Jetstar and Virgin Australia flights to cities across Australia, and flights of Air India, Air New Zealand, Singapore's TigerAir and China's Juneyao Airlines.
The partnership aims to strengthen collaboration in the exploration and exploitation of mineral resources, including gold, copper, and manganese, as well as in the development of steel, aluminum, and renewable energy industries.
The Thai cabinet has approved a seven-year EV bus leasing scheme proposed by the Bangkok Mass Transit Authority (BMTA) for the capital, with an estimated cost of 15.35 billion THB (over 470 million USD).
Aircraft are prohibited from flying below 6,000 metres in the vicinity of the volcano, and should also remain alert to the presence of volcanic ash, which can disrupt flights.
Laos declared the transfer of the press management functions of five key media agencies and associated personnel to the Propaganda and Training Board of the Lao People's Revolutionary Party Central Committee.
Univers said in a statement that the new centre will serve as a hub for innovation, bringing together digital intelligence and climate ambition to accelerate Sarawak's transition toward a low-carbon, tech-enabled economy.
The target is to be completely free from plastic waste within two years. This can only be achieved if all parties implement the initiative with strong discipline.
Indonesia is taking new steps to improve protections for fishery workers, amid concerns over low wages, harsh working conditions, and limited access to social welfare.
The 2025 ASEAN- the Republic of Korea (RoK) Connectivity Forum that opened in Jakarta on June 17 reaffirmed a shared commitment to shaping a connected, resilient future by advancing the ASEAN Connectivity Strategic Plan.
The desk will serve as a service centre providing market intelligence, business licensing guidance, facilitating business cooperation, identifying potential investment projects, and harmonising regulatory policies between the two parties.
Malaysian Prime Minister Anwar Ibrahim noted that the Asia-Pacific region accounted for half of global energy consumption and 60% of greenhouse gas emissions in 2024. Despite this, regional countries, including eight of ten ASEAN member states, remain committed to climate goals, including net-zero emissions and tripling global renewable capacity by 2030.
Illustrative photo (Photo: straitstimes.com) 
