The Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) recently enacted OJK Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchange (“POJK No. 14/2023”).
In the context of Carbon Trading, the object being traded are Carbon Units, which is proof of ownership over carbon in the form of certificates or technical endorsements representing 1 (one) metric ton of carbon dioxide. These Carbon Units will are considered tradable stocks.
Follow this BILLawFact on the new regulation regarding carbon trading enacted by the Financial Services Authority.
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