The government has issued a series of regulations to support the long-awaited carbon trading program in Indonesia, a crucial step towards realizing the country's net-zero emissions target.

On February 22, 2023, Minister of Energy and Mineral Resources Arifin Tasrif officially launched the carbon trading program the carbon trading scheme. According to the carbon trading roadmap for the power plant sub-sector, the adoption of carbon trading has the potential to cut greenhouse gas emissions by over 36 million tons of CO2e in 2030.

The government's issuance of the Presidential Regulation No. 98 of 2021 on Carbon Pricing for Achieving NDC Target and Controlling GHG Emission in National Development (PR 98/2021) is a significant step towards regulating carbon trading in various sectors, including energy.

The Minister of Environment and Forestry No. 21 of 2022 on the Procedures for Carbon Pricing Implementation also sheds light on critical issues related to carbon trading activities, such as monitoring, reporting, and verification procedures.

Meanwhile, Indonesia's mining companies have also disclosed a number of initiatives to cut emissions in their mining operations. These initiatives comprise the use of sustainable mining techniques, the use of innovative technologies for lowering emissions, and investments in renewable energy sources.

Companies are investing in new technologies such as electric vehicles, which emit less greenhouse gases than traditional mining equipment. They are also adopting sustainable mining practices, such as reducing waste and improving water management, to minimize the environmental impact of their operations.

These initiatives not only contribute to reducing emissions and mitigating climate change but also create new business opportunities for mining companies.

The conference on “Unlocking Carbon Trading Opportunities and Reducing Emissions in Indonesia's Energy and Mining Sector” will provide a platform for mining companies, along with government officials, legal experts, and business players, to share their experiences and insights on reducing emissions and explore the potential of carbon trading in power plant sub-sector and exploring business and investment opportunities in the carbon trading program.

This conference is an opportunity for businesses to stay ahead of the curve and tap into the growing demand for sustainable solutions.

Don't miss out on this opportunity to gain insights into the government's policy on carbon trading, explore the legal and business opportunities in the carbon trading program, and get a better understanding of the future of mining industry in Indonesia in line with the net-zero emission target.

A few key highlights:

• Gain exclusive insights from high-level officials and industry experts on the latest government policies and regulations surrounding carbon trading.
• Discover untapped opportunities for your business to invest in carbon trading and unlock new revenue streams in the energy and mining sectors.
• Learn about the challenges and legal implications of carbon trading and how to navigate them effectively, from top legal minds in the field.
• Explore business opportunities in emission reduction in the mining sector and learn from leading mining companies about their efforts to reduce emissions in their operations, including investments in renewable energy sources, adoption of new technologies, and implementation of sustainable mining practices.
• Network with key stakeholders, industry leaders, and potential partners to establish valuable connections and stay ahead of the curve in the rapidly evolving field of carbon trading.