Abstract:
In general, publicly listed companies in Indonesia
have not yet optimised the potential of the voluntary
carbon market (VCM) as part of their climate action.
This situation has been exacerbated by recent regula-
tions on carbon trading in Indonesia that have not
fullysupportedtheVCM.Indonesianeedsregulations
thatsupportthe potential oftheVCM, notregulations
that hinder it. Moreover, it is important for the VCM
in Indonesia to support the Paris Agreement in order
to link Indonesian climate activities with the global
climate efforts of the UNFCCC regime through the
VCM.This article also examinesthe role thattheVCM
should have in connection with the Paris Agreement,
especially related to Indonesia’s NDC target for 2030.
