Integration Of Carbon Trading Requirement In Forestry Sector

To bolster Indonesian carbon market, the Minister of Environment and Forestry ("MOEF") issued MOEF Reg SK.716/MENLHK/SETJEN/KUM.1/6/2023 on the Integration of Carbon Value Mechanisms in Approvals, Partnerships, and Business Permits in the Environmental and Forestry Sector ("MOEF 716/2023"). MOEF 716/2023 streamlines the integration of carbon value mechanisms into approvals, partnerships, and business permits within the environmental and forestry sector.

MOEF 716/2023 sheds valuable light on the current state of the Indonesian carbon market, providing clarity on the obligations and restrictions that govern carbon trading activities. It primarily reiterates existing regulations surrounding the Indonesian carbon market, emphasizing the responsibilities of the holder of Approval, Partnerships, and Business Licenses in the Environmental and Forestry Sector ("Holder").