Carbon trading opens up new avenues for fraud

To mitigate fraud, the OJK is expected to issue regulations limiting the movement of fraudsters in carbon trading. — The Jakarta Post

THE Financial Services Authority (OJK), the regulator and supervisor of the financial services industry, issued on Aug 23 OJK Regulation No. 14/2023 on Carbon Trading Through the Carbon Exchange to serve as a guideline for market operators organising carbon trading.

This is one of the government’s concrete efforts to combat rising pollution, as well as its commitment to supporting the reduction of greenhouse gas (GHG) emissions in the Paris Agreement.