Harmonization of Carbon Exchange Regulations Towards a New Era of Capital Markets in Indonesia

Authors

  • Serlly Waileruny Faculty of Law, Universitas Pelita Harapan Jakarta, Indonesia
  • Henes Kardinata Faculty of Law, Universitas Pelita Harapan Jakarta, Indonesia
  • Revianty Yovinka Faculty of Law, Universitas Pelita Harapan Jakarta, Indonesia

DOI:

https://doi.org/10.31941/pj.v22i2.4384

Abstract

This article aims to analyze the legislation in relation to carbon exchanges in Indonesia. furthermore, this article seeks to explain the regulation of carbon exchanges in welcoming the new era of capital markets. The type of research used in this legal writing is normative legal research. This research is prescriptive research. Analysis of legal materials using the deductive method where general formulations are drawn to things that are specific. The result of this research is that the regulation on carbon exchange in Indonesia is regulated through the Financial Services Authority Regulation Number 14 of 2023 concerning Carbon Trading through Carbon Exchange (POJK 14/2023). This POJK is certainly very loaded with welcoming a new era of capital market law in Indonesia, although it is unfortunate that carbon exchange organizers need to obtain OJK permission and not automatically obtain permission from the stock exchange. The conclusion of this research is the need to separate the organizers between the stock exchange and the carbon exchange.

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Published

2023-06-30