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OJK Introduces Procedure for the Securing of Licenses for Carbon Trading Through Carbon Exchanges

In order to fulfill the mandate stipulated under Regulation of the Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) No. 14 of 2023 on Carbon Trading Through Carbon Exchanges (“ Regulation 14/2023 ”), [1] the OJK has issued Circular No. 12/SEOJK.04/2023 on the Procedure for the Organization of Carbon Trading Through Carbon Exchanges (“ Circular 12/2023 ”).

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