Rabu, September 27, 2023

BEI Introduces Four Carbon-Unit Groups

Following the issuance of the new Carbon Trading Regulation as the Appendix to Decree of the Board of Directors of PT Bursa Efek Indonesia ("BEI") No. KEP-00296/BEI/09-2023 ("Decree 296/2023"), the Board of Directors of BEI has now subsequently introduced groups of carbon unit ("Units") that takes the form of Greenhouse Gas Emissions Reduction Certification (Sertifikat Pengurangan Emisi Gas Rumah Kaca – "SPE-GRK") through the issuance of Circular No. SE-00014/BEI/09-2023 on the Standardization of Carbon Unit Groupings ("Circular 14/2023"), which has been in force since 20 September 2023.
In essence, Circular 14/2023 features a total of four Unit groups ("Groups"), specifically: 1) Indonesia Nature Based Solution (IDNBS); 2) Indonesia Nature Based Solution International Standard (IDNBSI); 3) Indonesia Technology Based Solution (IDTBS); and 4) Indonesia Technology Based Solution International Standard (IDTBSI).
It should be noted that the Groups that are listed in points (1) and (2) above include SPE-GRK that fall under Nature-Based Solution (NBS) greenhouse-gas emissions mitigation and reduction projects ("Projects"), while the Groups that are listed in points (3) and (4) above include SPE-GRK that fall under Technology-Based Solution (TBS) Projects.
Ultimately, Circular 14/2023 states that the following aspects apply universally to all of the above-listed Groups: 1) Projects must be located in Indonesia; 2) The rupiah currency must be utilized; 3) The recognized Unit registries include the National Registry System for Climate Change Control (Sistem Registri Nasional Pengendalian Perubahan Iklim/SRN PPI) established by the Ministry of Environment and Forestry; and 3) The period for verified greenhouse-gas emissions reduction has been set at 2013 - 2023.

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Following the issuance of the new Carbon Trading Regulation as the Appendix to Decree of the Board of Directors of PT Bursa Efek Indonesia ("BEI") No. KEP-00296/BEI/09-2023 ("Decree 296/2023"), the Board of Directors of BEI has now subsequently introduced groups of carbon unit ("Units") that takes the form of Greenhouse Gas Emissions Reduction Certification (Sertifikat Pengurangan Emisi Gas Rumah Kaca – "SPE-GRK") through the issuance of Circular No. SE-00014/BEI/09-2023 on the Standardization of Carbon Unit Groupings ("Circular 14/2023"), which has been in force since 20 September 2023.
In essence, Circular 14/2023 features a total of four Unit groups ("Groups"), specifically: 1) Indonesia Nature Based Solution (IDNBS); 2) Indonesia Nature Based Solution International Standard (IDNBSI); 3) Indonesia Technology Based Solution (IDTBS); and 4) Indonesia Technology Based Solution International Standard (IDTBSI).
It should be noted that the Groups that are listed in points (1) and (2) above include SPE-GRK that fall under Nature-Based Solution (NBS) greenhouse-gas emissions mitigation and reduction projects ("Projects"), while the Groups that are listed in points (3) and (4) above include SPE-GRK that fall under Technology-Based Solution (TBS) Projects.
Ultimately, Circular 14/2023 states that the following aspects apply universally to all of the above-listed Groups: 1) Projects must be located in Indonesia; 2) The rupiah currency must be utilized; 3) The recognized Unit registries include the National Registry System for Climate Change Control (Sistem Registri Nasional Pengendalian Perubahan Iklim/SRN PPI) established by the Ministry of Environment and Forestry; and 3) The period for verified greenhouse-gas emissions reduction has been set at 2013 - 2023.

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