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Regulation of the Minister of Environment and Forestry no. 7 of 2023 concerning Procedures for Carbon Trading in the Forestry Sector.

Country/Territory
Indonesia
Document type
Regulation
Date
2023
Source
FAO, FAOLEX
Original source
State Gazette of the Republic of Indonesia no. 457 of 2023.
Subject
Environment gen., Forestry
Keyword
Climate change Emissions Emissions trading Environmental fees/charges Protection of environment Subsidy/incentive Allocation/quota Forest management/forest conservation Authorization/permit Business/industry/corporations Community management Biodiversity Afforestation/reforestation Forestry protection measures
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia
Abstract

This Regulation, in order to support the achievement of nationally determined contribution targets of the forestry sector, focuses on regulating carbon trading transactions and activities arising from climate change mitigation activities. These activities include, reduction of greenhouse gas (GHG) emissions through reduction of deforestation rate in forest and peatland areas, peatland restoration, mangrove rehabilitation, reforestation in former mining areas; development of plantation forest; sustainable forest management; biodiversity conservation.

Full text
Indonesian
Website
jdih.menlhk.go.id