In order for Indonesian products to be accepted globally, there are several sustainability requirements that must be met. Some of these requirements include adequate supply, competitive price requirements, meeting food and drug standard requirements, and also including environmental preservation The priority is for product acceptance, namely industrial products with low emissions, companies that do not carry out deportation and carry out forest conservation policies, as well as managing change requirements according to the International Labor Organization (ILO).
Head of the Bureau of Market Development and Development at the Ministry of Trade, Tirta Karma Senjaya, said that if he did not carry out an in-depth process of mitigating the risks associated with reducing carbon emissions, there would be a decline in the value of exports.
"The impact for Indonesia if it does not implement carbon emission reductions is a decrease in exports. The Ministry of Trade as a member of the steering committee in the path of carbon economic value has a role in harmonizing international and domestic carbon trade and seeks to prevent risks to climate change through carbon trading in organized markets, "said Tirta 2021, Wednesday (1/12/2021).
Carbon trading is one of the market-based instruments to mitigate climate change, especially in realizing the role of carbon emissions, several countries in Asia, Europe, and America have implemented it.
On the same occasion, ICDX Head of Carbon Market, Zulfal Faradis, revealed the challenges of carbon trading through exchanges, namely globally and nationally. Globally, several developed and developing countries have established carbon frameworks through organized markets.
Regarding the vision of opportunity, he revealed that Indonesia is called a country that includes carbon credits with large forests. According to him, this is Indonesia's strength in the carbon market through the criteria market, especially through the stock exchange.
"It can be implemented as quickly as possible because the infrastructure, both in legislation and in regulations, is already well accommodated, so this carbon in the global market is considered a commodity because it has similarities and characteristics that are almost the same as the community in general," he explained.
Nationally, Zulfal said that referring to Presidential Regulation number 98 of 2021, there are many ministries or related institutions involved that can be used as a way to provide advice and input to relevant ministries and institutions so that later carbon trading can be implemented properly.
Meanwhile, in the textile and textile product industry that contributes to emissions, PT Pan Brothers Tbk (PBRX) admits that it has taken steps based on the Paris Agreement. These steps are mitigation and steps to convert to green energy.
Vice President Director of PBRX, Anne Patricia Sutanto, said that her party is focusing on SDG schools and 'the Social compliance of our people' for workers and for the ecosystem around the factory, because the ecosystem around the factory is equally important in converting energy.
"The world's textile and garment industry pollutes the world. Before COVID-19, this industry was the second largest polluter. We made a movement to reduce pollution both in terms of consumption in terms of the process and in terms of water treatment, plus also how we reduce carbon emissions So indeed that step is being mitigated," explained Anne.