Indonesia plays a unique role in absorbing and emitting carbon, making its climate efforts crucial. To meet its own goals and contribute to the Paris Agreement, Indonesia has introduced carbon trading in the forestry sector. Through new regulations like Minister of the Environment and Forestry Regulation No. 7 of 2023, carbon trading aims to reduce emissions and enhance carbon absorption. The process involves activities such as sustainable forest management and peat restoration. This step aligns with Indonesia's FOLU Net Sink 2030 initiative and promotes transparency via the National Registry System for Climate Change Control.

How is the implementation of carbon trading in the forestry sector? What provisions that businesses in this sector must adhere to? 

To get better understanding about the issue, Dentons HPRP’s lawyers, Winda Tania (Partner), Carlos William Rettobjaan (Associate), and Arvin Pratama (Associate) have prepared a brief write up highlighting regulations concerning the industry which relates to the issue.

The full article can be downloaded here.

For further information related to the services provided, please contact the Partner listed under key contact.