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