Renewa Signs MoU with IDXCarbon for EV Carbon Credit Listing

A strategic partnership with IDXCarbon opens verified carbon credit trading pathways from Indonesian EV ride mobility — a concrete step towards a mature national carbon market.

JAKARTA, 28 May 2026 — PT Renewa Green Energy and IDXCarbon (Indonesia Carbon Exchange) today signed a Memorandum of Understanding (MoU) for cooperation in the verification and listing of carbon credits generated from electric vehicle ride mobility activity on the Renewa platform. The signing took place at the Indonesia Stock Exchange building in Jakarta, witnessed by representatives of the Financial Services Authority (OJK) and the Ministry of Energy and Mineral Resources.

Under this partnership, every kilometre travelled by EV motorcycles in the Renewa network will be converted into verified carbon credits using a methodology agreed with IDXCarbon and aligned with international Verra (VCS) standards. These carbon credits can then be traded on the IDXCarbon platform by companies seeking to offset their operational carbon footprint.

“This collaboration is real proof that Indonesian electric mobility is not just about saving fuel — it's about creating a new economic asset from every clean journey. We are building an ecosystem where a ride-hailing driver in Bekasi contributes directly to the international carbon market. That is an extraordinary economic transformation.”

— Hendry Donald, Chief Executive Officer, PT Renewa Green Energy

Market Potential and Projections

Based on Renewa's internal estimates, one actively operating EV motorcycle unit can generate between 0.8 and 1.2 tonnes of CO₂-equivalent carbon credits per year, depending on usage intensity and local grid emission factors. With a target of 2,000 active units by end-2026, Renewa projects the ability to generate approximately 2,000 tCO₂e in annual carbon credits — which at current IDXCarbon prices of Rp 90,000–120,000 per tonne, could generate additional revenue of up to Rp 240 million per year.

“This is not just an additional revenue stream. Part of the carbon credit income will be channelled to subsidise the loan instalments of our EV users — creating a positive cycle where the more people switch to EVs, the cheaper their instalments become, and the greater the carbon credits we generate. That is the advantage of the integrated ecosystem model we are building.”

— Zaki Umaro, Chief Commercial Officer, PT Renewa Green Energy

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