Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)

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Reviewing the New Chapter of Carbon Trading Implementation in Indonesia as a Manifestation of the 13th Sustainable Development Goals

Authors
Muhammad Gilang Gunawan1, *, Hilda Novyana1, Anni Alvionitas Simanjuntak1, Yanto Yanto1, Syamsul Hadi1
1Faculty of Law, Universitas Pembangunan Nasional Veteran Jakarta, Jakarta, Indonesia
*Corresponding author. Email: 2110611233@mahasiswa.upnvj.ac.id
Corresponding Author
Muhammad Gilang Gunawan
Available Online 11 February 2025.
DOI
10.2991/978-2-38476-356-6_32How to use a DOI?
Keywords
Carbon Trading; Sustainable Development; Climate Change
Abstract

Global concerns like climate change are serious problems that affect societies all around the world. In 2020, the Thomson Reuters Foundation estimated that losses from climate change would total $8 billion USD every day. The Presidential Regulation Number 98 of 2021 and the Minister of Environment and Forestry Regulation Number 21 of 2022 establish a framework for carbon trading in Indonesia, a nation with significant potential for mitigating and adapting to climate change. The Financial Services Authority has released OJK Regulation No. 14 of 2023 on Carbon Trading through Carbon Exchanges, which is a recent development. It is anticipated that carbon trading will contribute to the reduction of greenhouse gas emissions, the accomplishment of the 13th Sustainable Development Goal (SDG), and the mitigation and adaptation of climate change. Still, a number of factors must be taken into account, including making sure the neighborhood benefits socially and economically and carefully integrating with the SDGs. Using a statute approach, comparative approach, and conceptual approach, normative juridical research methodology is employed. The result of this research shows that POJK 14/2023 marks a new chapter of carbon trading in Indonesia and this can be a step in addressing climate change in Indonesia.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
11 February 2025
ISBN
978-2-38476-356-6
ISSN
2352-5398
DOI
10.2991/978-2-38476-356-6_32How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Muhammad Gilang Gunawan
AU  - Hilda Novyana
AU  - Anni Alvionitas Simanjuntak
AU  - Yanto Yanto
AU  - Syamsul Hadi
PY  - 2025
DA  - 2025/02/11
TI  - Reviewing the New Chapter of Carbon Trading Implementation in Indonesia as a Manifestation of the 13th Sustainable Development Goals
BT  - Proceedings of the 2nd International Conference Changing of Business Law (ICOCLB 2024)
PB  - Atlantis Press
SP  - 274
EP  - 283
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-356-6_32
DO  - 10.2991/978-2-38476-356-6_32
ID  - Gunawan2025
ER  -