Rencana Bursa Karbon dalam

Memfasilitasi Perdagangan
Subsektor Pembangkit Tenaga Listrik

22 Februari 2023

Member of Supporter of

Preliminary Design, can be changed

 Bursa Karbon merupakan Salah Satu Mekanisme Untuk Melakukan
Perdagangan Karbon dalam Nilai Ekonomi Karbon

Indonesia ratified the Paris

Agreement in 2016 Regulation of Ministry of Environment and
Presidential Regulation No. 98 Forestry Regulation no. 21 of 2022 concerning the
of 2021 of Carbon Economic Implementation of Carbon Economic Value
Indonesia set the target of Value in Achieving NDC
Nationally Determined Contribution
(NDC) is 29%-41% in 2030 Carbon Trading:
Mechanisms for achieving NDC:
Mitigation Action ▪ Can be done domesticaly and/or internationally.
▪ Form of market mechanisms:
Indonesia set Enhanced NDC Adaptation a. Emission trading; and → allowance market
(Sep 2022): 31.89%-43.20% in 2030
Carbon Economic Value
6 → offset market
b. GHG emission offset
▪ Carbon trading could be done through:
The sectors that are in enhanced a. Carbon exchange
1. Carbon Trading
NDC scope: b. Direct trading
Target 2030, 2. Performance-Based Payments
Sector
of Total BaU ▪ Carbon exchange is a securities exchange or
3. Carbon Levy / Tax trading operator that has obtained a business
Energy and Fugitive 12.5% –15.5%
4. Other Mechanism license from the authority that implements an
Waste 1.4% – 1.5%
integrated regulatory and supervisory system for
IPPU 0.2 – 0.3%
all activities in the financial services sector
Agriculture 0.3% – 0.4%
Forestry and Other
17.4% – 25.4%
Land Uses (FOLU)

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 LANDASAN HUKUM PENYELENGGARAAN BURSA KARBON DI
INDONESIA
UU No 4 Tahun 2023 Pengembangan dan
Penguatan Sektor Keuangan Peraturan OJK terkait Penyelenggara
Perdagangan Karbon
Kewenangan OJK:
• mengatur perdagangan sekunder
instrument yang berkaitan dengan nilai
ekonomi karbon di bursa karbon;
• Mengajukan lisensi / Izin untuk menjadi
Bursa Karbon Penyelenggara Perdagangan Karbon kepada
• Perdagangan karbon dalam negeri OJK.
dan/atau luar negeri. • Mengembangkan Infrastruktur Perdagangan
• Bursa karbon hanya dapat Karbon bersama-sama dengan KPEI dan
diselenggarakan oleh penyelenggara pasar KSEI.
yang telah memperoleh izin usaha dari • Menerbitkan Peraturan terkait mekanisme
Perdagangan Karbon.
OJK.
• Perdagangan karbon melalui bursa karbon
wajib memenuhi persyaratan dan telah
memperoleh izin dari OJK. dalam proses

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Bursa Karbon diharapkan dapat meningkatkan Transparansi,
Likuiditas, dan Efisiensi dalam Perdagangan Karbon di Indonesia

Carbon allowances /
offsets
Carbon Exchange Value
Propositions

Price transparency

Carbon Simple, low effort way to sell

exchange and purchase carbon Unit
Project developers / Carbon emitters /
compliance entities with compliance entities
excess allowances
Market liquidity
with deficit
allowances

Lower transaction costs

Payment

4
 Konsep Penyelenggaraan Perdagangan Karbon Melalui Bursa Karbon
BEI berencana mengembangkan 2 pasar untuk Bursa Karbon untuk dapat memfasilitasi perdagangan karbon di Indonesia.

Supply Trading Demand

Carbon Exchange Buy/sell PTBAE-PU
Allowance
• allocated by related Sell SPE-GRK
Compliance
ministry PTBAE-PU Buy SPE-GRK
Facilitating • excess from companies in the
(Allowance)
compliance company sub-sector SPE-GRK into
sub-sectoral regulated with cross-sectoral
trading
Carbon credits emissions
trading generated by project
SPE-GRK
(Carbon credits) allowance
developers or companies
in the sub-sector
After sectoral NDC
Excess SPE-GRK allowed into cross-sectoral trading
has been met

Market feature

Settlement T+0
Cross- Excess carbon credits Carbon
generated by project SPE-GRK credits Trading Direct
sectoral developers or companies (Carbon credits) buyers
Participant Trading
and after claimed by sub-
trading sectoral NDC (domestic and Clearing Yes
international) Pre-
Risk-
Management Validation /
pre-funded

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 Jenis Unit Karbon yang Dapat Diperdagangkan
Allowance Market / Perdagangan Emisi
(Persetujuan Teknis Batas Atas Emisi Pelaku Usaha, PTBAE-PU)
Definition Determined Cap of the GHG Emissions for Compliance Companies
by Regulation and/or the determined emission quotas within a
certain Compliance Period for each Compliance Companies.
Allocation Beginning of compliance period (subject to related ministries)
Offset Market / Offset Emisi GRK
(Sertifikat Pengurangan Emisi GRK, SPE GRK)
Proof of emission reduction by businesses and/or activities that have
gone through Measurement, Reporting (MRV), and recorded in the
National Registry System in the form of registry number and/or code.
After project verification and registered in National Registry

Trading Period 1 Period = Different for each subsector, banking for 2 years 1 Period = Max 3 Years

Surrender / Retirement Ending of compliance period (subject to related ministries) Retirement from Buyer

Trading Actors Buyer dan Seller: Compliance Companies Seller : Project developers.
Buyer : Not limited, including compliance companies
Series 1 serial for a) Standardized product, i.e:
- each sub-sector for Nature-based product:
- each period Indonesia NBS, Indonesia NBS+ b) Credits per project
Tech-based product:
Indonesia TBS, Indonesia TBS+

Market a) Continuous Auction Board, b) Marketplace for

Continuous Auction Board, Negotiated Board
Negotiated Board for Std. Product Project

Settlement T+0

Trading Participant Direct Trading

Clearing Yes

Risk-Management Pre-Validation / pre-funded

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 Fitur Perdagangan di Bursa Karbon
Auction Regular Trading Negotiated Trading Market Place

Create auction for Deal outside the Input projects

allowance with Exchange sold at marketplace
auction price range with price and no of
Regulators Exchange Buyers Sellers Sellers units Exchange
Exchange Sellers
Buyers
Submit prefered Exchange
buy sell
volume and price order order input order and input order and
Buyers within the range Exchange seller ID buyer ID
Order Book Project A Project B Project C
Auction Book Reporting Negotiation Rp5000 Rp6000 Rp10000
Bid Ask
Buyer Volume Price Buyer Qty Price Seller
5 800
Buyer A 100 800
7 900 ID A 10 1500 ID B Browse and buy
Buyer B 150 900
10 1000 1000 10 project in designated
Buyer C 75 1000
1100 15
volume at seller price
1200 3 Buyers Exchange
Decide auction
allocation
Regulators
• Buyers and sellers submit order by
input their volume of asset at price. • Sellers input project and price in the
• Regulators create auction session • Buyers and sellers deal outside the
and input data for certain allowance • Buy order will queue in bid order exchange. marketplace.
include autction price range. book, sell order will queue in ask • Buyers browse the project and buy
• Participant will input arranged
order book.
• Buyers will input desirable volume volume and price, and counterpart prefered project with designated
within price range. • Exchange will match the order with ID to execute the trading. volume.
price and time priority. • Transaction price will be done at
• Regulators use auction data to • Settlement will be done in the
decide allowance allocation. • The match price will be market price. exchange seller price.

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 Product Features
Allowances (PTBAE-PU) Credits/Offsets (SPE-GRK)

Single Project Standardized Product

Ministry A Ministry B
Project A Project B Project C
Project A

Certification

Sector A Sector B Sector C Certification

Credits A Credits B Credits C

Allowance A Allowance A Allowance B Allowance B Allowance C Allowance C Credits A

Year 2023 Year 202X Year 2023 Year 202X Year 2023 Year 202X NBS, NBS+, TBS,TBS+
via Marketplace via Reg and
Nego Market
via Auction,
Reg, Nego
Market

Compliance Compliance Compliance Compliance Non-Compliance Project Developers

Company Company Company Company Company (as Seller)
Sector A Sector B Sector C
Preliminary Design, can be changed
 Indikasi Jadwal Perdagangan Sub Sektor Pembangkit Tenaga
Listrik

No Kegiatan Indikasi Jadwal

1 Pengembangan Sistem Bursa Karbon, dan Regulasi Peraturan Terkait Q2-Q3 2023
2 BEI mendapatkan Izin untuk menyelenggarakan Perdagangan Karbon dari OJK Q2-Q3 2023
3 Pembukaan Akun Pelaku Usaha 2nd Half 2023
4 Auction / Setup Initial Price 2nd Half 2023
5 Perdagangan Karbon 2nd Half 2023

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 Thank you
Saran maupun diskusi lebih lanjut, dapat disampaikan melalui email: carbontrading@idx.co.id

Disclaimer:
Materi yang disampaikan masih bersifat indikasi, dan berpotensi mengalami perubahan.
Preliminary Design, can be changed