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Presidential Regulation No. 98 of 2021 on the Implementation of Carbon Pricing to Achieve the Nationally Determined Contribution Target and Control over Greenhouse Gas Emissions in the National Development

legislation type Executive
Regulation/Rules
Passed in 2021
The Presidential Regulation is intended to serve as a basis for the implementation of carbon pricing (NEK) and to be a guideline on GHG emission reduction through policies, measures, and activities to achieve NDC target and to control GHG emissions in the national development.

The aim, as set out in article 3 para. 1, is to regulate GHG emission reduction, climate resilience enhancement, and NEK in order to achieve NDC target.

The scope of this Presidential Regulation is set out in article 4 and includes:
  • efforts to achieve the NDC target;
  • procedure for carbon pricing implementation;
  • transparency framework;
  • monitoring and evaluation;
  • capacity building and finance; and 
  • steering committee.

Pursuant to article 47 para. 1, the implementation of carbon pricing is carried out through mechanisms of:
  • Carbon Trading;
  • Results-based Payment;
  • Carbon Levy; and/or
  • other mechanisms in accordance with the development of science and technology determined by the Minister.

Documents

from the Grantham Research Institute
from the Grantham Research Institute
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