perdangan bursa carbon

1. Preliminary Design, can be changed
Supporter of
Member of
Rencana Bursa Karbon dalam
Memfasilitasi Perdagangan
Subsektor Pembangkit Tenaga Listrik
22 Februari 2023

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

3. Preliminary Design, can be changed 3
LANDASAN HUKUM PENYELENGGARAAN BURSA KARBON DI
INDONESIA
Kewenangan OJK:
• mengatur perdagangan sekunder
instrument yang berkaitan dengan nilai
ekonomi karbon di bursa karbon;
Bursa Karbon
• Perdagangan karbon dalam negeri
dan/atau luar negeri.
• Bursa karbon hanya dapat
diselenggarakan oleh penyelenggara pasar
yang telah memperoleh izin usaha dari
OJK.
• Perdagangan karbon melalui bursa karbon
wajib memenuhi persyaratan dan telah
memperoleh izin dari OJK.
UU No 4 Tahun 2023 Pengembangan dan
Penguatan Sektor Keuangan Peraturan OJK terkait Penyelenggara
Perdagangan Karbon
• Mengajukan lisensi / Izin untuk menjadi
Penyelenggara Perdagangan Karbon kepada
OJK.
• Mengembangkan Infrastruktur Perdagangan
Karbon bersama-sama dengan KPEI dan
KSEI.
• Menerbitkan Peraturan terkait mekanisme
Perdagangan Karbon.
dalam proses

4. 4
Bursa Karbon diharapkan dapat meningkatkan Transparansi,
Likuiditas, dan Efisiensi dalam Perdagangan Karbon di Indonesia
Carbon Exchange Value
Propositions
Price transparency
Simple, low effort way to sell
and purchase carbon Unit
Market liquidity
Lower transaction costs
Carbon
exchange
Project developers /
compliance entities with
excess allowances
Carbon emitters /
compliance entities
with deficit
allowances
Carbon allowances /
offsets
Payment

5. Preliminary Design, can be changed
Konsep Penyelenggaraan Perdagangan Karbon Melalui Bursa Karbon
Facilitating
sub-sectoral
trading
Cross-
sectoral
trading
Compliance
companies in the
sub-sector
regulated with
emissions
allowance
Carbon
credits
buyers
(domestic and
international)
Buy/sell PTBAE-PU
Sell SPE-GRK
Buy SPE-GRK
SPE-GRK into
cross-sectoral
trading
Trading
Allowance
• allocated by related
ministry
• excess from
compliance company
Carbon credits
generated by project
developers or companies
in the sub-sector
Carbon Exchange
SPE-GRK
(Carbon credits)
PTBAE-PU
(Allowance)
Excess SPE-GRK allowed into cross-sectoral trading
Supply Demand
SPE-GRK
(Carbon credits)
Excess carbon credits
generated by project
developers or companies
and after claimed by sub-
sectoral NDC
After sectoral NDC
has been met
Market feature
Settlement T+0
Trading
Participant
Direct
Trading
Clearing Yes
Risk-
Management
Pre-
Validation /
pre-funded
BEI berencana mengembangkan 2 pasar untuk Bursa Karbon untuk dapat memfasilitasi perdagangan karbon di Indonesia.
5

6. Preliminary Design, can be changed 6
Jenis Unit Karbon yang Dapat Diperdagangkan
Allowance Market / Perdagangan Emisi
(Persetujuan Teknis Batas Atas Emisi Pelaku Usaha, PTBAE-PU)
Offset Market / Offset Emisi GRK
(Sertifikat Pengurangan Emisi GRK, SPE GRK)
Definition
by Regulation
Determined Cap of the GHG Emissions for Compliance Companies
and/or the determined emission quotas within a
certain Compliance Period for each Compliance Companies.
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.
Allocation Beginning of compliance period (subject to related ministries) 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
- each sub-sector for
- each period
Market
Settlement T+0
Trading Participant Direct Trading
Clearing Yes
Risk-Management Pre-Validation / pre-funded
Continuous Auction Board, Negotiated Board
b) Marketplace for
Project
a) Continuous Auction Board,
Negotiated Board for Std. Product
a) Standardized product, i.e:
Nature-based product:
Indonesia NBS, Indonesia NBS+
Tech-based product:
Indonesia TBS, Indonesia TBS+
b) Credits per project

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

8. Preliminary Design, can be changed
Product Features
Allowances (PTBAE-PU) Credits/Offsets (SPE-GRK)
Ministry A Ministry B
Sector A Sector B Sector C
Allowance A
Year 2023
Allowance A
Year 202X
Allowance B
Year 2023
Allowance B
Year 202X
Allowance C
Year 2023
Allowance C
Year 202X
Single Project Standardized Product
Project A
Certification
Credits A
Project A Project B Project C
Credits A Credits B Credits C
NBS, NBS+, TBS,TBS+
Compliance
Company
Sector A
Compliance
Company
Sector B
Compliance
Company
Sector C
Compliance
Company
Non-Compliance
Company
Project Developers
(as Seller)
Certification
via Marketplace via Reg and
Nego Market
via Auction,
Reg, Nego
Market

9. Preliminary Design, can be changed 9
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

10. Preliminary Design, can be changed
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.