Carbon Market within the framework of environmental protection and management policies in Indonesia

Authors

  • Kristianto Atma Jaya Catholic University of Indonesia, Jakarta

DOI:

https://doi.org/10.21776/ub.jpal.2024.015.01.05

Abstract

Since climate change poses a significant global risk, the Indonesian government has introduced numerous regulations in line with its National Determined Contribution (NDC) goals. Aligned with the objectives of the Paris Agreement, Indonesia recently initiated a carbon trading system anticipated to fulfill the nation's NDC. Addressing climate change through carbon trading is integral to Indonesia's environmental protection and management strategies, reflecting a deliberate endeavor towards sustainable development. Nonetheless, to realize zero emissions, comprehensive research on the Carbon Market is essential to ensure its alignment with Indonesia's Environmental Protection and Management Law, and to bolster the Sustainable Development Goals. This article employs normative legal studies to examine carbon trading within the context of environmental policies. It's imperative to explore related regulations to establish an effective carbon market and assist Indonesia in meeting its Nationally Determined Contribution.

Published

2024-05-27