IDX, MVGX Sign Partnership to Establish Carbon Trading Platform

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  • 03 Nov 2022
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IDX, MVGX Sign Partnership to Establish Carbon Trading Platform

The Indonesia Stock Exchange (IDX) is set to work with MetaVerse Green Exchange (MVGX) to prepare for its first carbon credit trading platform in a bid to incentivize domestic high-emitting industries to reduce their emissions. MVGX, a Singapore-based fintech firm that offers end-to-end carbon-as-a-service solutions backed by a digital asset exchange platform and patent-pending technologies, would provide opportunities for Indonesia’s only stock exchange to explore MVGX’s industry-grade software. Carbon trading is part of Indonesia’s wider carbon pricing policies, which also include a carbon tax and grants for entities lowering their carbon emissions, among other non-trade instruments.

Source: TheJakartaPost