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Carbon Trade Minus Tax

Monday, 7 November 2022

The environment and forestry ministry issues a regulation for implementing the carbon economic value. It is prone to be misused for greenwashing by emission producers.

A chimney emitting smokes from burning coal at the Ombilin Coal-Fired Power Plant area in Sijantang village, Sawahlunto, West Sumatra, October 2019. ANTARA/Iggoy El Fitra/File Photo . tempo : 168596818990_

THE environment and forestry ministry issued a regulation on the implementation of carbon economic value on September 21. This regulation, a derivative of Presidential Regulation No. 98/2021 on the implementation of the economic value of carbon, was promulgated on October 20.

In its “Considerations” point, the Environment and Forestry Minister Regulation No. 21/2022 refers to the updated Nationally Determined Contribution (NDC) target.

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Environment and Forestry Ministry carbon trading NDC Emission Carbon Economic Value

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