Carbon Exchange Registration Fee Exemption Deadline Extended by One Year

First introduced back in 2023 in order to facilitate the operations of carbon exchange operators (Penyelenggara Bursa Karbon – “PBK”), the Board of Directors of PT Bursa Efek Indonesia (“Directors”) issued Decree No. KEP-00297/BEI/09-2023 on the Regulation of Carbon Exchange Users (“Decree 297/2023”),[1] which came into effect on 20 September 2023.[2] However, to extend the registration fee exemption that Carbon Exchange Users (“Exchange Users”) have been enjoying under the framework of Decree 297/2023 in order to encourage more parties to register as carbon Exchange Users, the Directors recently issued Decree No. KEP-00148/BEI/09-2024, which bears the same title as Decree 297/2023 (“Decree 148/2024”). This new Decree came into effect on 24 September 2024.[3]