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Regulation of the Minister of Environment and Forestry of the Republic of Indonesia no. 21 of 2022 concerning procedure for implementation of carbon pricing.

Country/Territory
Indonesia
Document type
Regulation
Date
2022
Source
FAO, FAOLEX
Original source
State Gazette of the Republic of Indonesia no. 1064 of 2022.
Subject
Environment gen.
Keyword
Climate change Emissions Emissions trading Business/industry/corporations Capacity building Certification Environmental fees/charges Environmental planning Environmental standards Subsidy/incentive International relations/cooperation Monitoring Special fund Policy/planning Standards Protection of environment
Geographical area
Asia, Asia and the Pacific, East Asian Seas, Indian Ocean, South-Eastern Asia
Entry into force notes
October 22, 2022.
Abstract

This Regulation, consisting of 85 articles and divided into twelve chapters, and implementing provisions of the Presidential Regulation Number 98 of 2021, provides for the implementation of carbon pricing, defined as NEK and meaning the value of each unit of greenhouse gas emissions generated from human or economic activities in the following sectors: energy, waste, industrial processes, agriculture and livestock, forestry. The Regulation defines the following relevant terms: greenhouse gas emissions level; result-based payment; climate change mitigation and adaptation actions; Nationally Determined Contribution; certification of greenhouse gas emissions reduction; carbon levy; emissions trading; emissions cap allowance; clean development mechanism; Indonesian environment fund.

Full text
English/Indonesian
Website
peraturan.go.id

References - Legislation

Implements

Regulation of the President of the Republic of Indonesia number 98 of 2021 on the implementation of carbon pricing to achieve the nationally determined contribution target and control over greenhouse gas emissions in the national development.

Legislation | Indonesia | 2021

Keyword: Business/industry/corporations, Climate change, Emissions, Emissions trading, Environmental fees/charges, Environmental planning, Environmental standards, Hazardous substances, Institution, Monitoring, Offences/penalties, Policy/planning, Pollution control, Protection of environment, Special fund, Standards, Subsidy/incentive, Forest management/forest conservation, Coal, Packaging/labelling, Data collection/reporting, Royalties/fees

Source: FAO, FAOLEX