Client Alert – OJK Reg 14/2023
The long-anticipated Financial Services Authority (Otoritas Jasa Keuangan/OJK) Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchange (OJK Reg 14/2023) was officially enacted on August 2, 2023 – which brings Indonesia (that is aiming to launch its carbon exchange in September) a step closer to implementing carbon trading through carbon exchange in Indonesia.
Our client alert on OJK Reg 14/2023 will mainly discuss (i) the relationship between OJK Reg 14/2023 and the establishment of an Indonesian Carbon Exchange (ii) the mechanism to trade in Indonesian Carbon Exchange (including the registration requirement, trading and settlement mechanism), (iii) the types of carbon units that can be traded in an carbon exchange, and (iv) what is next for carbon trading via carbon exchange in Indonesia.
For further details on our client alert regarding OJK Reg 14/2023, please check it here: Client Alert – OJK Reg 14/2023
Client Alert on OJK Reg No. 14 2023