Regulation of the Minister of Forestry of the Republic of Indonesia Number: P.11/Menhut-II/2013 concerning Amendments to the Regulation of the Minister of Forestry Number P.36/Menhut-II/2009 concerning Procedures for Licensing Business Utilization of Absorption and/or Storage of Carbon in Production Forests and Protection Forests

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Regulation of the Minister of Forestry of the Republic of Indonesia Number: P. 36/Menhut-II/2009 concerning Procedures for Licensing Business Utilization of Absorption and/or Storage of Carbon in Production Forests and Protection Forests

Approved

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.&nbsp;<br><br>The regulation No.11 amends the&nbsp; 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'.&nbsp;

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

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An aim to achieve a quantifiable outcome within a given time-frame, set by an institution such as a national government.

Policy instruments are techniques or tools used by governing authorities to promote certain policies in order to achieve predetermined goals. Put simply, instruments are how a government tries to achieve its goals, with this taxonomy being focused on national policy instruments.

Risk is the potential for adverse consequences resulting from the dynamic interplay between (climate-related) hazards, exposure, and vulnerability of affected human or ecological systems.

Groups  of people who are adversely affected by climate change or the response to it

A set of principles, processes, and practices that build economic and political power to shift from an extractive economy to a regenerative economy.

Renewable energy means all forms of energy produced from renewable sources in a sustainable manner.

Fossil fuel is a generic term for non-renewable energy sources such as coal, fossil gas, and oil (including crude oil, and petroleum products), that can be used for electricity and heat generation. Fossil fuels are hydrocarbons formed from pressurised and heated organic material buried over millions of years.

Molecules in the atmosphere that play a key role in the greenhouse effect by trapping heat radiating from Earth’s surface.

Area of the economy in which actors engage in identical or related activities.

In human systems, the process of adjustment to actual or expected climate change and its effects, in order to moderate harm, increase resilience or exploit beneficial opportunities. In natural systems, the process of adjustment to actual climate change and its effects; human intervention may facilitate adjustment to expected climate change and its effects.

The management and allocation of funds, assets and investments to meet various objectives

Zoning and spatial planning are both methods for guiding the distribution of people and activities in a space, and are regulatory restriction.

Activities that relate to the production of goods and services from forests.

Tradable permits are market-based tools that grant permission for specific activities, frequently used to regulate emissions. These permits can be issued within a trading system to manage environmental impacts.

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Economic sector