Indonesia Launches Carbon Credit Trading Under Net Zero Push (2)

Indonesia launched trading in a new carbon emissions credit market as it aims to curb the climate impact of its coal-dominated power sector and hit net zero by 2060 or sooner.

Trading of carbon credits and other emissions reductions efforts could eventually deliver an economic gain of as much as 3,000 trillion rupiah ($194 billion), President Joko Widodo said Tuesday at a launch event in Jakarta.

Southeast Asia’s top emitting nation is intensely focused on securing adequate funds to overhaul its power sector, and is continuing to negotiate the details of a climate finance package signed last November by ...