| Issue Number : 743

Achieving the NDC Target: Indonesia’s Regulatory Framework on Carbon Tax and Carbon Pricing

Overview

In an effort to mitigate the effects of climate change, the Indonesian Government, working with members of the international community at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (“UNFCCC”), which took place on 12 December 2015 in Paris, France, has adopted the Paris Agreement to the UNFCCC. This move was followed up by the signing of the said agreement on 22 April 2016 in New York, USA.[1]

As a follow-up to this pledge, the Indonesian Government subsequently issued Law No. 16 of 2016 on the Ratification of the Paris Agreement to the United Nations Framework Convention on Climate Change (“Law 16/2016”). In order to achieve the objectives of the Paris Agreement and national contributions to the ongoing global climate change effort, as set forth under the various Nationally Determined Contributions (“NDC”), all of the relevant state parties are required to implement and communicate their efforts and also to periodically demonstrate their NDC progress. Moreover, Indonesia’s NDC encompasses various mitigation and adaptation initiatives, including a targeted reduction in the country’s Greenhouse Gas Emissions (“GHG”) of between 29% (unconditionally) and 41% (conditionally) against the 2030 business as usual scenario.[2]

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Overview

In an effort to mitigate the effects of climate change, the Indonesian Government, working with members of the international community at the 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (“UNFCCC”), which took place on 12 December 2015 in Paris, France, has adopted the Paris Agreement to the UNFCCC. This move was followed up by the signing of the said agreement on 22 April 2016 in New York, USA.[1]

As a follow-up to this pledge, the Indonesian Government subsequently issued Law No. 16 of 2016 on the Ratification of the Paris Agreement to the United Nations Framework Convention on Climate Change (“Law 16/2016”). In order to achieve the objectives of the Paris Agreement and national contributions to the ongoing global climate change effort, as set forth under the various Nationally Determined Contributions (“NDC”), all of the relevant state parties are required to implement and communicate their efforts and also to periodically demonstrate their NDC progress. Moreover, Indonesia’s NDC encompasses various mitigation and adaptation initiatives, including a targeted reduction in the country’s Greenhouse Gas Emissions (“GHG”) of between 29% (unconditionally) and 41% (conditionally) against the 2030 business as usual scenario.[2]

......

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Hukumonline Pro Intelligence

Platform AI hukum terpercaya sebagai solusi komprehensif riset Anda

professionalprofessionalProfessional Solutions
professionalprofessionalUniversity Solutions
*Syarat dan ketentuan berlaku
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