Indonesia Prepares Energy Sector Carbon Trading Rules, Targets Up to US$7.7 Billion in Green Financing

Indonesia’s Ministry of Energy and Mineral Resources (ESDM) is preparing new regulations for carbon trading in the energy sector as part of efforts to strengthen the country’s carbon market governance and unlock potential green financing estimated at up to US$7.7 billion annually.

The regulation, currently being drafted under a proposed Ministerial Regulation on Carbon Trading Through Greenhouse Gas (GHG) Emission Offsets in the Energy Sector, is expected to provide a legal framework for carbon offset transactions and support Indonesia’s transition toward a low-carbon economy.

Director General of New, Renewable Energy and Energy Conservation (EBTKE), Eniya Listiani Dewi, said the energy sector plays a critical role in helping Indonesia achieve its Net Zero Emission (NZE) target by 2060 or sooner. …..Click here to read the full article