OJK Speeds Up Revision of Carbon Exchange Regulations

Financial Services Authority (“OJK”) is finalizing the revision of Regulation of OJK No. 14 of 2023 on Carbon Trading through Carbon Exchanges (“Regulation 14/2023”). The revision of the regulation is aimed at aligning with the new national carbon trading regime following the issuance of Regulation of the President (Perpres) No. 110 of 2025 (“Perpres 110/2025”), particularly in relation to the transition of the National Registry System (“SRN”) to the Carbon Unit Registry System (SRUK).

“The changes in Perpres 110/2025 will serve as our reference for making adjustments and amendments to Regulation 14/2023, which we are currently proposing,” said Hasan Fawzi, Executive Director of Capital Market, Derivatives, and Carbon Exchange Supervision at the OJK. 

Furthermore, the OJK will impose additional obligations on Carbon Exchange operators to ensure safeguarding measures for foreign carbon units being traded. The revised regulations will include the category of Non-Certified Greenhouse Gas Emission Reductions (“Non-SPE-GRK”) within the scope of tradable carbon units.

Additionally, the terminology Technical Approval of Upper Emission Limits for Business Entities (PTBAE-PU) will be replaced with emission quotas to align with the latest emission control regime. “So it was originally scheduled for October this year, but we’re aiming to complete it by July,” he added.