Indonesia:
Indonesia's Carbon Market And Nature-Based Solutions: A Discussion Of Carbon Ownership, Article 6 Of The Paris Agreement And Carbon Exchange
23 February 2024
ARMA Law
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Indonesia is embracing the new era of the carbon market, and
nature-based solutions (NbS) are playing a major
role. NbS are actions that protect, restore, and sustainably manage
natural or modified ecosystems to provide climate change mitigation
and adaptation benefits. They have the potential to generate carbon
credits that can be traded on the carbon market, providing a
financial incentive for their development and implementation.
This ARMA update will discuss some key issues regarding NbS,
such as carbon ownership and Indonesia's approach to Article
6.2 of the Paris Agreement. It will also explore the development of
carbon exchanges in Indonesia.
Read more about this update here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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