Client Alert – Presidential Regulation on Carbon Pricing Issued

The Indonesian Government has finally issued the long-awaited Presidential Regulation No. 98 of 2021 on Carbon Pricing for Achieving National Determined Contribution (NDC) Target and Controlling GHG Emission in National Development (PR 98/2021). PR 98/2021 aims to serve as an overarching regulation for controlling climate change and reducing greenhouse gas emission (GHG) through carbon pricing.

Carbon pricing under PR 98/2021 comprises, among others, carbon trading, result-based payment and carbon levy. PR 98/2021 also introduces GHG Emission Reduction Certificate which is required for carbon pricing activities

Please see here for the complete newsletter: Client Alert – PR on Carbon Pricing

#wespeakyourlanguage