Regulations No.11/2013 and No.36/2009 about procedures for Licensing Activities for Absorbing and Restoring Carbon in Forests

The regulation No.11 of 2013 amends the regulation No.36 of 2009 concerning the business licensing for the utilisation of Carbon Absorption and/or Storage of Carbon in Production Forests and Protected Forests. 

The regulation No.11 amends the  Article 15 paragraph 2 : 'based on the results of the verification as referred to in Article 14, the Project Developer registers to the National Registration Agency or those in the international Voluntary Carbon Market (VCM) to obtain a Verified Emision Reduction (VER) certificate. In the event that the National Registration Body has not been established, the registration as intended in paragraph 1 shall be carried out by the Secretary General after obtaining technical considerations from the relevant Directorate General.The VER Certificate as referred to in paragraph 1can be sold directly between the Project Developer and the buyer or through the domestic carbon stock market or the international market based on the approval of the Minister'.