Client Alert – Procedures for Carbon Pricing Implementation
The Indonesian Government continues the carbon pricing policy series by issuing a highly anticipated Minister of Environment and Forestry Regulation No. 21 of 2022 on the Procedures for Carbon Pricing Implementation (MOEF Reg 21/2022). As an implementing regulation of Presidential Regulation No. 98 of 2021, it has been anticipated by multiple stakeholders from both the public and private sectors who intend to develop carbon pricing in Indonesia.
MOEF Reg 21/2022 addresses a number of matters, among others, the procedures for implementing carbon trading activities, monitoring, reporting, and verification procedures related to carbon trading activities. It manages to address some of the big questions that have been the center of a long discussion since the issuance of PR 98/2021, although there are still some queries that need further actions and clarification from the Government.
Please see here for further details on MOEF Reg 21/2022: Client Alert – Procedures for Carbon Pricing Implementation
Client Alert on Permen KLHK NEK