OJK Optimistic Carbon Exchange Will Grow in 2024
OJK is optimistic that the Indonesian carbon exchange will continue to grow in 2024.
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OJK is optimistic that the Indonesian carbon exchange will continue to grow in 2024.
Indonesia has launched a carbon trading scheme to boost GHG emissions absorption from the forestry sector
The Indonesian Government, through the Financial Services Authority ("OJK"), issued Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchange ("New Reg") to reduce the Greenhouse Gas (GHG) effect by way of carbon pricing trading. Previously, the Indonesian Government already issued several umbrella regulations in the same sector, namely:
Indonesia Introduces Rule For Organizing Carbon Market. Legal News and Analysis - Indonesia - Capital Markets, Regulatory & Compliance -
The President of Indonesia has issued Presidential Regulation No. 98 of 2021 regarding the Implementation of Carbon Economic Value for Achieving…