Indonesia Climate Exchange (ICX) and Dynamik Technologies Brunei Darussalam have entered a strategic partnership to establish a regional carbon market for the Borneo Economic Community. This collaboration aligns with ASEAN’s big plan for integration in developing a green economy in the 5 pillars of ASEAN BAC. This plan manages 3 of the 5 priority pillars: Digital Transformation, Sustainable Development and Trade & Investment Facilities.
|Tengku Irvan Bahran, Komisaris Indonesia Climate Exchange (ICX); Puan Haslina Taib, CEO Dynamik Technologies; Megain Widjaja, CEO Indonesia Cliate Exchange (ICX); Juan Permata Adoe, Wakil Ketua Umum Kadin Bid Perdagangan (L-R) at signing for Borneo Economic Community Cooperation. (Image: ISX).
The signing of this collaboration, which was signed by Megain Widjaja, CEO of the Indonesia Climate Exchange (ICX) and Puan Haslina Taib, CEO of Dynamik Technologies, took place in Jakarta on Tuesday 5 September 2023.
The collaboration integrates ICX trading technology and Dynamik Technologies for a carbon trading platform and other climate instruments. This aims to harmonise trading standards and technological interoperability to create a credible regional market and carbon credits that can be transacted inclusively. In the ASEAN regional plan, carbon markets and climate instruments have an important role in efforts to reduce emissions.
ICX CEO Megain Widjaja said, “This collaboration is certainly an honour for ICX because it is a matter of trust from Brunei Darussalam. This integration between countries certainly strengthens the synergy of the Borneo Economic Community by creating a green economic cluster, especially for the regional carbon market.”
The Borneo Economic Community aligns with the plan for the National Capital of the Archipelago to be located in Borneo. IKN Nusantara was built based on the green city ideology, where the infrastructure supporting the economy is built by considering sustainability factors, harmonization with the environment and renewable energy sources. The need to balance emissions in Borneo is a priority for the countries on the island.
Puan Haslina Taib, CEO of Dynamik Technologies said, “Recognizing the Heart of Borneo and the potential for Borneo to be the global hub for the world’s green economy, the creation of a regional carbon market through modern trading technology platforms will enable and facilitate businesses in the region to easily participate and access the carbon market.”
Megain Widjaja added, “Of course, this is just the beginning of the many collaborations that will be carried out in the ASEAN region. We are happy to start earlier and at the same time proud that Indonesian technology can be integrated globally. We hope this effort can support the big plans of other ASEAN countries in reducing Nationally Determined Contribution (NDC) emissions and as proof that cooperation between ASEAN countries can embody the spirit of making ASEAN the Epicentrum of Growth.”
About Indonesia Climate Exchange:
Indonesia Climate Exchange, a part of the ICDX Group, was established to aid the government’s mission of decreasing carbon emissions. It specializes in trading climate instruments and aims to make decarbonization accessible for all industry participants through convenient transactions, diverse product options, and transparent accountability. Using Indonesia Climate Exchange services enables businesses to seamlessly transition to low-carbon operations. Visit https://www.climate-x.id.
About Dynamik Technologies:
Dynamik Technologies is a leading IT Company in Brunei that thrives in improving service efficiency through citizen and customer-centric systems. Dynamik Technologies is committed to helping deliver digital transformation initiatives supported by a team of highly skilled & globally certified IT professionals in programming, business process re-engineering, data analytics, and infrastructure. Brunei Officials trust Dynamik Technologies for many projects and it is the first and only organization in Brunei with Capability Maturity Model Integration (CMMI) appraisal. Visit: https://www.dynamiktechnologies.com.bn.
For further information:
P Giri Hatmoko, Head of Corporate Communication, Indonesia Climate Exchange.
Midpoint Place, Lt.22-23 Jl. H. Fachrudin No.26 Jakarta Pusat Phone : +62-21 3002778
Faizul Yahya, Marketing Communication, Dynamik Technologies.
Level 7, Design & Technology Building, Anggerek Desa Tech Park, Spg. 32-37, Kg. Anggerek Desa, Berakas BB3713 Negara Brunei Darussalam Phone: +673 238 2238
Topic: Contract Awarded
Renowned economist and environmentalist, Graciela Chichilnisky, has published a groundbreaking book Reversing Climate Change: How Carbon Removals Can Resolve Climate Change And Fix The Economy (Environmental Energy Economics). In this book, Chichilnisky argues that climate change is not just an environmental problem, but also a socioeconomic issue that can only be solved by fixing the relationship between rich and poor nations.
The book delves into the history of the Kyoto Protocol, an international agreement that aimed to reduce greenhouse gas emissions to combat global warming. Chichilnisky, who played a crucial role in designing the Protocols carbon market and Clean Development Mechanism, highlights the innovative economic system that was created to reduce carbon emissions and promote sustainable development in developing countries. The book also addresses the continuing impasse between rich and poor nations, particularly in terms of who should bear the responsibility of reducing emissions.
Through her expertise and extensive research, Chichilnisky asserts that reversing climate change is not only possible, but also profitable. The book explores the various technologies and initiatives that can be implemented to extract CO2 from the atmosphere, utilize it, and sequester it in a commercially profitable manner. The book also emphasizes the importance of finding economic solutions that would help developing countries transition to a sustainable economy without compromising their economic growth.
Chichilniskys book has garnered praise from notable figures in economics, politics, and environmentalism. Professor Edmund Phelps, a 2006 Nobel Laureate in Economics and Director of the Center on Capitalism and Society at Columbia University, commended Chichilniskys talent and genius in addressing the dire problem of climate change. Theodore Roosevelt IV, Managing Director and Chairman of Barclays Cleantech Initiative, praised the books ability to explain complex topics with great clarity, particularly on the urgent need to extract CO2 from the atmosphere and utilize it in a commercially profitable manner.
Overall, Reversing Climate Change: How Carbon Removals Can Resolve Climate Change And Fix The Economy (Environmental Energy Economics) is a call to action for policymakers, industry leaders, and individuals to work together to combat climate change. It provides a comprehensive understanding of the intersection between economics, politics, and the environment, and offers practical solutions to reverse the impact of climate change.
The book is available for purchase on Amazon in both print and e-book formats. For more information, please visit https://amz.run/6ZVM.
Reversing Climate Change: How Carbon Removals Can Resolve Climate Change And Fix The Economy (Environmental Energy Economics)
Authors: Graciela Chichilnisky and Peter Bal
Publisher: Your World Scientific
Publication Date:June 29, 2020
Genre: Environmental Economics
Target Audience: General Audience
Paperback ISBN: 978-9814719353
Hardback ISBN: 978-9814719346
About the Author
Graciela Chichilnisky has worked extensively on the Kyoto Protocol, creating and designing the carbon market that became international law in 2005. The Washington Post calls her an A-List Star and Time Magazine calls her a Hero of the Environment and was elected one of the Ten Most Influential Latinos in the US.
US Congressman, Jay Inslee wrote that her work is revolutionary for the international community. A world-renowned economist, she is the creator of the formal theory of Sustainable Development and acted as Lead US Author of the Intergovernmental Panel on Climate Change, which received the Nobel Prize in 2007. Her pioneering work uses innovative market mechanisms to create Green Capitalism. She acts as a special adviser to several UN organizations and heads of state. Dr Chichilnisky is CEO and Co-Founder of Global Thermostat, (www.globalthermostat.com), a company that created Carbon Negative Technology capturing CO₂ from air and transforms it into profitable assets such as biofuels, food, beverages, and enhanced oil recovery.
Fast Company magazine selected Global Thermostat, as the Worlds Top Ten Most Innovative Company in Energy. Dr Chichilnisky was awarded the 2015 CEO of the Year by IAIR at Yale University Club in NYC. Additionally, Dr Chichilnisky is a Professor of Economics and Mathematical Statistics and a University Senator at Columbia University, and Director of the Columbia Consortium for Risk Management (www.columbiariskmanagement.net).
Dr Chichilnisky is also a Visiting Professor at Stanford University. She is the author of 15 books and some 320 scientific articles in preeminent academic journals. Her two most recent books are The Economics of Climate Change and Saving Kyoto.
Dr Chichilnisky holds two PhD degrees, in Mathematics and Economics from MIT and UC Berkeley respectively. She is a frequent political and economic speaker on CNN, ABC, BBC TV News, and Bloomberg News, as well as a frequent keynote speaker at leading international conferences and universities.
Peter Bal is a businessman and ecological restoration practitioner. Born in the US in 1960 and educated across Europe and Asia, Bal uses the multilingual and creative mind to bridge cultural differences in international transactions. His experience includes selling the Empire State Building, producing alcohol from grapes, and restoring a devastated forest in France.
Bal sees CO₂ as an asset to be mined. He has chosen to dedicate natural plant absorption as well as industrial solutions to retrieve CO₂ from the atmosphere. He is currently working on a containerised CO₂ absorbing unit with Global Thermostat, and also participating with John D Liu in setting up ecological research and training centers.
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A stakeholder consultation workshop on “Understanding India’s Climate Financing needs and its mobilization with focus on Green Climate Fund (GCF)” was organized by Ministry of Environment, Forest and Climate Change, Government of India under the ongoing GCF Readiness Program on 24th June 2022 in New Delhi. This workshop is part of an ongoing effort to understand India’s Climate Financing needs and scale of investments needed to be mobilized to accelerate investment in climate resilient development in India.
The inaugural session of the workshop was attended by Ms. Leena Nandan, Environment Secretary, Ms Anupa Rimal Lamichhane, Regional Manager, Green Climate Fund, Ms Shoko Noda, UNDP Resident Representative. The Key Note Address was given by Shri Ajay Seth, Secretary, Department of Economic Affairs, Ministry of Finance.
Ms Leena Nandan, Secretary, MoEFCC, in her address, focused on need for understanding the range of costs for meeting India’s ambitious climate actions which will indicate the scale of investments needed to be mobilized and also would help in identifying policies that will spur low carbon and resilient growth and emphasized that the role of public sources of funding would remain critical to mobilizing and leveraging private capital. She stressed on the scope, scale and speed of climate finance, which have to increase considerably to match the aspirations of an emerging economy like India. She emphasized on community level development projects which have the potential to generate green credits. Green credits generated through carbon market can also act as an effective vehicle to attract investments.
Recalling the Hon’ble Prime Minister’s statement at COP 26 “Mindful and Deliberate Utilization, instead of Mindless and Destructive Consumption”, Shri Ajay Seth, Secretary, DEA in his key note address highlighted the importance of assessing sector by sector climate finance requirements towards low carbon transition. He noted that the sectoral roadmaps to be prepared for key sectors of economy should cover the externalities and the delta for viability. While emphasising the equity and Common but Differentiated Responsibilities and Respective Capabilities (CBDR-RC) in global transition towards low carbon and climate resilient pathways, the vulnerable sectors and communities such as MSMEs, small and marginal farmers, and rural communities should be factored in for the additional premium associated with low carbon transition.
The workshop has focused on understanding India’s financial needs for climate actions with a focus on various financial instruments by its two technical sessions on Assessing India’s Financing Needs and Leveraging Climate Finance to meet the needs where dignitaries from Government of India, Private Sectors and Financial Institutions participated. The workshop thereby addressed ways of mobilizing the requisite finance at a scale to bring the much-needed shift to a transition towards the sustainable development path. The workshop stressed on the viability of financial instruments. The Workshop noted that sustainability path significantly raises the need for Finance and Human, Technological, Institutional, and Regulatory capacity. Financial resources and the said capacities grow as the country steps up the development trajectory. The workshop also addressed the experiences and success stories of Rewa Solar Power Project and attracting scalable private finance and the need for designing bankable projects sourcing. The Line Ministries/ Departments of Government of India, Private Sector Stakeholders, Financial Institutions, GCF Accredited Entities, Executing Entities, Implementing Entities and other relevant stakeholders participated in the workshop and shared their experiences and views.
The workshop emphasized on identifying the ways to drive short-term recovery and long-term resilience; leverage investments in least-cost energy solutions, resilient and secure energy systems, efficiency and competitiveness, and social and environmental equity for a sustainable future. The GCF secretariat has also provided their expert views on facilities available under the GCF. This consultation workshop has tried to strengthen the ongoing engagement with various stakeholders including the private sector and financial institutions to ensure effective and coherent engagement.
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The Honourable Jonathan Wilkinson, Minister of Natural Resources, announced the release of the British Columbia chapter of the Canada in a Changing Climate: Regional Perspectives Report to help support adaptation to climate change and strengthen resilience in British Columbia.
May 18, 2022 Ottawa, Ontario Natural Resources Canada
The effects of climate change are being felt throughout British Columbia. Extreme weather events such as flooding, drought and wildfires have a significant impact on the province’s economy and on the health and well-being of its population. Indigenous communities have been disproportionately impacted by climate change and have seen impacts on their traditional foods, medicines and ways of living. Now is the time to work together and build climate change responses that address current and future problems.
The Honourable Jonathan Wilkinson, Minister of Natural Resources, today announced the release of the British Columbia chapter of the Canada in a Changing Climate: Regional Perspectives Report to help support adaptation to climate change and strengthen resilience in British Columbia.
This new chapter highlights that British Columbia’s water resources will see significant changes as the climate warms, with flooding causing some of the most damaging and costly impacts. It also underlines that climate change is profoundly affecting British Columbia’s forests and the communities and infrastructure located in forested regions. The risk of disturbance from fire and pests is increasing due to climate change, affecting forest productivity, wildlife habitat, biodiversity and ecosystem services. Climate change is also already impacting food production in British Columbia.
On the other hand, climate change adaptation activities are present across most sectors and settings in B.C. This work continues to mature, supported by improved access to climate data, decision-support tools, funding, supportive institutions and collaboration. The Province has also been working with the Government of Canada and other partners on the development of the country’s first National Adaptation Strategy, a whole-of-society blueprint for coordinated action across the country, to ensure communities and Canadians are prepared for the impacts of climate change. The Strategy is open for public consultation at letstalkadaptation.ca until July 15.
Furthermore, Indigenous Peoples are uniquely impacted by climate change and also uniquely resilient as a result of Indigenous knowledge systems. Successful climate change adaptation is more likely when co-created with Indigenous Peoples. Indigenous-led adaptation efforts are emerging across many traditional territories in what is today known as British Columbia, and these efforts often consider climate change adaptation alongside strengthening Indigenous governance and environmental stewardship.
The report is a part of Canada in a Changing Climate: Advancing our Knowledge for Action, Canada’s National Knowledge Assessment of how and why Canada’s climate is changing, the impacts of these changes and how we are adapting. The assessment reports raise awareness and understanding of the key issues facing our country and provide information to support sound adaptation decisions and actions.
By ensuring British Columbians have access to credible, evidence-based information, this resource will enable them to make more informed decisions to prepare for and respond and adapt to climate change impacts.
“British Columbia faces significant climate challenges related to all regions and multiple sectors of the province, and longer-term risks to hydrology, forestry, agriculture and communities. Our government’s National Adaptation Strategy will bring together decision-makers to help protect people and improve resiliency while building a clean and prosperous net-zero future.”
The Honourable Jonathan Wilkinson
Minister of Natural Resources
“2021 was a devastating year for British Columbia, which suffered from drought, floods, wildfires and strong winds. We know that more needs to be done so that B.C. and the rest of Canada are better prepared for and can adapt to the devastating impacts of climate change. We are working to lower our greenhouse gas emissions and advance Canada’s first National Adaptation Strategy — preparing Canadians and our communities for today’s climate and for the climate of the future.”
The Honourable Steven Guilbeault
Minister of Environment and Climate Change
“Last year’s extreme weather events have shown that British Columbia is on the front lines of the climate crisis. It’s why we’re investing record amounts to recover from these events and prepare for the climate impacts of the future. Our Climate Preparedness and Adaptation Strategy will be released shortly, and we look forward to continued collaboration and support through the federal government’s own upcoming strategy. Knowledge, data and collaboration are key pillars to successful climate adaptation to support people and communities, and this new report is a welcome addition.”
The Honourable George Heyman
British Columbia Minister of Environment and Climate Change Strategy
Environment and Climate Change Canada
819-938-3338 or 1-844-836-7799 (toll-free)
Office of the Minister of Environment and Climate Change
The concept of climate change has already been incorporated in the curriculum/textbooks developed by the National Council of Educational Research and Training (NCERT) for Social Sciences/Geography for classes VII and XI. Topics on climate change have also been incorporated in the NCERT’s Science Textbooks for classes VIII and IX and Biology Textbook for class XII.
NCERT has been organizing in-service teachers’ capacity building programmes in Geography as well as in Social Sciences where teachers are sensitized over the issues related to climate change. Besides, live interactive sessions have also been conducted on Swayam Prabha, PM eVidya Channel on climate change. National Initiative for School Heads’ and Teachers’ Holistic Advancement (NISHTHA) learning modules for elementary stage also include Environmental Science (EVS) concerns related to environmental protection in the module on EVS. Approximately, 42 lakh teachers have already completed NISHTHA learning modules through offline and online mode.
The information was given by the Minister of State for Education, Smt. Annpurna Devi in a written reply in the Rajya Sabha today.
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