IDXCarbon

What IDXCarbon does

IDXCarbon (Indonesia Carbon Exchange) is the first and only officially licensed carbon exchange in Indonesia, operated by PT Bursa Efek Indonesia (IDX/Indonesia Stock Exchange) under an operational license granted by the Otoritas Jasa Keuangan (OJK) on September 18, 2023. The platform was officially launched on September 26, 2023 and serves three primary participant categories: Compliance Companies allocated PTBAE-PU emission quotas by government ministries, Non-Compliance Companies voluntarily offsetting emissions, and Project Developers selling SPE-GRK carbon offset credits from verified climate mitigation projects.

The platform is built on blockchain-based infrastructure providing transparent settlement, security, and integration with the Sistem Registri Nasional Pengendalian Perubahan Iklim (SRN-PPI), Indonesia's national carbon registry operated by the Ministry of Environment and Forestry (KLHK). It offers two core products — PTBAE-PU allowances for the compliance cap-and-trade market and SPE-GRK offsets for voluntary and compliance offset trading — via four trading mechanisms: Auction, Regular Continuous Auction (spot trading), Negotiated Market, and Marketplace. As of the latest disclosure, the platform has facilitated 1.9M+ tCO2e in trading volume and 93.8B+ IDR in trading value across 155 registered entities and 10 listed SPE-GRK projects.

IDXCarbon generates revenue through regulated transaction fees and marketplace commissions under SE Biaya Pengguna Jasa Bursa Karbon, with specific fee schedules not publicly disclosed. GTM is sales-led, requiring legal entity documentation, financial reporting, and mandatory carbon exchange training for participation. Distribution leverage comes from the parent IDX's relationships with 850+ listed companies, supplemented by webinar series, public events, roadshows, and partnerships such as the 'Aku Net Zero Hero' campaign with Bank Mandiri, Pertamina NRE, and Jejakin.

Name

IDXCarbon

Legal name

IDXCarbon (Indonesia Carbon Exchange)

Website

https://idxcarbon.co.id

Company type

Public

Founded year

2023

Operating status

Operating

Short description

IDXCarbon is Indonesia's first officially licensed carbon exchange, operated by PT Bursa Efek Indonesia, trading PTBAE-PU allowance and SPE-GRK carbon offset credits via auction, spot, negotiated, and marketplace mechanisms for compliance companies, voluntary offsetters, and project developers.

Ownership category

akta.pro rank

Product category

Carbon Exchange

NAICS

Commodity Contracts Intermediation (523160)

SIC

Commodity Contracts Brokers & Dealers (6221), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Carbon Exchanges & Trading Venues (Spot, forward, auction platforms) (EUABAAAB)

akta.pro secondary industries

Auction & Allocation Platforms for Compliance Schemes (Allowance auctions, allocation/transfer systems) (EUABAAAJ), Market Access, Connectivity & Trading Technology (APIs, OMS/EMS, FIX connectivity, venue gateways) (EUABAAAF), Compliance & Integrity Infrastructure (KYC/AML, sanctions screening, fraud detection, claims/labeling integrity) (EUABAAAG)

Keywords

• Carbon exchange
• Carbon credit trading
• Emissions trading platform
• Carbon offset marketplace
• Blockchain carbon registry

Headquarters

HQ city

Kedoya Selatan

HQ country

Indonesia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Trading Transaction Fees: Fees charged to users for trading carbon units on the exchange, covering user service fees as per SE Biaya Pengguna Jasa Bursa Karbon.
2. Carbon Unit Trading Commission: Commission-based revenue from facilitating buy and sell transactions of carbon units including PTBAE-PU (allowances) and SPE-GRK (carbon offsets).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

IDXCarbon operates Indonesia's first and only official carbon exchange, providing a regulated, blockchain-based platform for trading carbon units. It facilitates the buying and selling of PTBAE-PU (emission allowance/cap-and-trade units for compliance companies) and SPE-GRK (carbon offset credits from verified climate mitigation projects). Trading is executed through four mechanisms: Auction, Regular Continuous Auction (Spot Trading), Negotiated Market, and Marketplace.

Product overview

IDXCarbon is Indonesia's official carbon exchange platform operated by the Indonesia Stock Exchange (BEI) under supervision of the Indonesia Financial Services Authority (OJK). The platform offers two primary carbon trading products: PTBAE-PU (allowance/cap-and-trade) for the Compliance Carbon Market and SPE-GRK (carbon offset/credits) for voluntary and compliance offset trading. Trading is conducted through four mechanisms: Auction, Regular Trading (continuous auction), Negotiated Trading, and Marketplace. The platform uses blockchain technology for secure and transparent transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• PTBAE-PU (Persetujuan Teknis Batas Atas Emisi - Pelaku Usaha) Technical Approval of Emission Quota for Companies — a cap-and-trade mechanism product applied to the Compliance Carbon Market, where business entities allocated emission quotas by the Government can trade PTBAE-PU allowance units.
• SPE-GRK (Sertifikat Pengurangan Emisi - Gas Rumah Kaca)

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Bank MandiriminorStrategic or Co-development Partner · 1 January 2024Pilot partner in the 'Aku Net Zero Hero' campaign. Bank Mandiri participated in the campaign's initial piloting phase conducted in Licin Planet area, supporting employee engagement in carbon footprint reduction through the campaign's challenges and educational tools.
• JejakinminorStrategic or Co-development Partner · 1 January 2024Technology/environmental partner in the 'Aku Net Zero Hero' campaign piloting phase. Jejakin contributed to the initiative focused on implementing low-carbon energy solutions in the Licin Planet area.
• Pertamina NREminorStrategic or Co-development Partner · 1 January 2024Energy sector partner in the 'Aku Net Zero Hero' campaign piloting phase. Supported the campaign in Licin Planet area focusing on net-zero carbon initiatives and solutions.
• Ministry of Environment and Forestry (KLHK)coreOthersIDXCarbon is connected to Sistem Registri Nasional Pengendalian Perubahan Iklim (SRN-PPI) operated by KLHK to ensure smooth transfer of carbon units. This regulatory connection enables proper registration and administrative handling of carbon units traded on the exchange.
• Otoritas Jasa Keuangan (OJK)coreOthersRegulatory oversight and licensing body for IDXCarbon operations. Granted operational license to IDX for carbon exchange activities through Decree KEP-77/D.04/2023 dated September 18, 2023. Supervises IDXCarbon to ensure transparency, liquidity, efficiency, and ease of access.
• PT Bursa Efek Indonesia (Indonesia Stock Exchange)coreOthersParent organization and operator of IDXCarbon. IDX is the sole provider of securities exchange in Indonesia since 1992 with largest market capitalization in ASEAN, providing access to over 850 listed companies. IDX received the carbon exchange operator license from OJK on behalf of IDXCarbon.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Puro.earth: Carbon removal marketplace with registry and trading infrastructure for engineered carbon removal credits. Comparable as a specialized carbon registry and trading platform serving voluntary demand.
• Toucan Protocol: Blockchain infrastructure that tokenizes carbon credits and provides on-chain carbon market access. Comparable as a digital carbon market infrastructure provider with adjacent tokenization technology.

Broad incumbents

• European Energy Exchange (EEX): Major European exchange operating EUA/EUAA auctions and secondary carbon market trading. Comparable as a regulated carbon exchange venue, though operating in a more mature market.
• ICE Endex / Intercontinental Exchange (ICE): Global exchange operator running EUA auctions, carbon futures, and compliance carbon markets. Comparable as a major incumbent exchange with carbon market infrastructure as part of a broader product suite.

Direct peers

• AirCarbon Exchange (ACX): Singapore-headquartered carbon exchange trading a wide range of carbon units on a CORSIA-eligible platform. Comparable as a regulated carbon marketplace serving Asia-Pacific compliance and voluntary participants.
• Verra Registry (VCS): Operates the leading global standards and registry for verified carbon credits, including issuance and retirement infrastructure. Comparable as carbon market infrastructure for project registration and unit transfer.
• Xpansiv (CBL): Operates one of the largest spot exchanges for environmental commodities, including carbon offsets. Comparable as a carbon and environmental commodities trading venue with exchange infrastructure.
• Climate Impact X (CIX): Singapore-based carbon exchange operating spot, futures, and auctions for voluntary carbon credits. Comparable as a regional carbon trading venue targeting Asian corporates with similar exchange-based trading mechanisms.
• Gold Standard: Standards body and registry for high-quality carbon credits with associated marketplace infrastructure. Comparable as carbon market infrastructure providing project verification and registry services.

Regional players

• National Stock Exchange of India (NSE) Carbon Platform: Indian exchange developing carbon trading infrastructure analogous to IDXCarbon's stock-exchange-anchored model. Comparable as a regional emerging-market carbon exchange leveraging a national stock exchange parent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IDXCarbon