The Government Will Regulate Carbon Trading Governance

Illustration. (Photo: Doc. Antara)

JAKARTA - Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said the government would regulate carbon trading governance so that it could be optimized as a source of state revenue.

This was conveyed by Bahlil after attending a limited meeting on the optimization of the carbon trade policy led by President Joko Widodo at the Presidential Palace in Jakarta, Wednesday, May 5.

"Now the concessions are owned by companies. Later everything is controlled, governance will be regulated by the government. So that carbon that goes abroad can be sold, otherwise we can't know how many people go, then this is also a source of our country's income," said Bahlil, quoted by Antara.

He said the government would carry out carbon certification through the Ministry of Environment and Forestry (LHK). Later, carbon trading governance will be on the carbon exchange under the authority of the Financial Services Authority (OJK).

"The registration is all at the LHK. But just registration once, before entering the carbon market first registered by the LHK, after that, you can trade on the carbon exchange, after that you can trade like ordinary stock trading," he explained.

Furthermore, he estimates that the investment value of carbon trading is very large and currently being calculated.

Bahlil emphasized that Indonesian carbon should not be capitalized by other countries, especially neighboring countries that do not have a carbon producer.

"Proper assets belonging to the state must be managed by the state and must have income for the state," he asserted.