JakartaPost-Oct 25

Indonesia is preparing its own carbon-trading regulation ahead of the 26th United Nations Climate Change Conference (COP26) in Glasgow, Scotland, next week as it prioritizes, among other issues, pushing for the completion of international rules to govern carbon-emissions trading in the summit. Parties to the Paris Agreement have been unable to agree on detailed provisions on carbon-emissions trading and other forms of international cooperation under Article 6 of the agreement, which is one of the articles left unresolved in the 2018 Paris rulebook – a guiding document to implement the agreement. The Environment and Forestry Ministry’s climate change management director general Laksmi Dewanthi said that finishing the Paris rulebook, was one of the top priorities for Indonesian delegates at the climate conference. Anticipating that the COP26 parties could finally agree on several issues left in the rulebook, Indonesia was preparing its own carbon-trading regulation, Laksmi said on Wednesday. Laksmi also said that Indonesia would aim to build an international consensus on climate financing, particularly after 2025. Read more at: https://www.thejakartapost.com/paper/2021/10/24/ri-prepares-carbon-trading-rule-ahead-of-cop26.html.