Here’ What You Need to Know About OJK’s Carbon Trading Regulation

By Editorial Team 24/08/2023
carbon trading
Summary

The Financial Services Authority (OJK) has issued a regulation on carbon trading through carbon exchanges. The regulation, known as OJK Regulation (POJK) No. 14/2023, provides guidelines and references for market organizers who conduct carbon trading through carbon exchanges.

The POJK Carbon Exchange is part of OJK’s efforts to support the government in implementing climate change control programs through emission reductions. These programs are in line with the Paris Agreement commitments and the domestic legal instruments to achieve emission targets.

According to POJK No. 14/2023, carbon units that are traded through carbon exchanges are securities and must be registered in the National Registry System for Climate Change Control (SRN-PPI) and the carbon exchange organizers. The carbon units that are traded on the carbon exchange include Technical Approval for Emission Limits for Business Actors (PTBAE-PU) and Greenhouse Gas Emission Reduction Certificates (SPE-GRK).

**OJK Regulation No. 14/2023 can be downloaded at the end of this article

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