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Indonesia

Political Groups
G77, G20
Global Climate Risk Index
24.83
Targets
World Bank Income Group
Lower middle income
Share of Global Emissions
3.94%

Documents

2023Legislative
OJK Regulation No.14 on Carbon Trading (OJK 14/2023)

Under Law No. 4 on the Development and Strengthening of the Financial Sector, this Regulation establishes the responsibilities of the Financial Services Authority to oversee the implementation of Indonesia's domestic carbon market. It establishes guidelines on the issuance, generation, trading, and monitoring of emissions certificates and offset carbon credits, to be trade...

2023Legislative
Law no.4 on the Development and Strengthening of the Financial Sector (Law 4/2023)

This Law defines carbon credits as securities and carbon trading under carbon exchanges as a financial transaction. It authorizes the Indonesian Financial Services Authority (OJK) to oversee the country's domestic carbon market.

2022UNFCCC Submission
Indonesia Enhanced NDC Cover Letter

Enhanced NDC Cover Letter, Nationally Determined Contribution from Indonesia in 2022

Legislative Process

The Indonesian legal system is based on Roman-Dutch law, custom and Islamic law. The legislature is bicameral and comprises the 560 member House of People’s Representatives (DPR) and the 136 member House of Regional Representatives (DPD). The ensemble of DPR and DPD members forms a third representative body known as the People’s Con­sultative Assembly (MPR). The DPR and the President jointly discuss and approve every Bill. Bills may come from the DPR, the President or the DPD. A wide range of legislation is produced from different sources and with different levels of authority, so there is a hierarchy of legislation, as follows: the 1945 Constitution; MPR Resolution; Law; Government Regulation Substituting a Law; Government Regulation; Presidential Decree; Regional Regulation. Also binding are Presidential Instructions, Ministerial Decrees and Circular Letters.

The most recent elections for the DPR and DPD were held in April 2014, with the next expected in 2019. The current President was elected in October 2014 and serves a five-year term.