Research Article
Legal Certainty of Indonesia's Green Investment Regulations to Achieve Nationally Determined Contribution (NDC) Target
@INPROCEEDINGS{10.4108/eai.27-7-2022.2342446, author={Muhammad Iqbal Wiranugraha and Sang Ayu Putu Rahayu}, title={Legal Certainty of Indonesia's Green Investment Regulations to Achieve Nationally Determined Contribution (NDC) Target}, proceedings={Proceedings of the 5th International Conference on Indonesian Legal Studies, ICILS 2022, 27-28 July 2022, Semarang, Central Java, Indonesia}, publisher={EAI}, proceedings_a={ICILS}, year={2023}, month={12}, keywords={green investment legal certainty nationally determined contribution paris agreement}, doi={10.4108/eai.27-7-2022.2342446} }- Muhammad Iqbal Wiranugraha
Sang Ayu Putu Rahayu
Year: 2023
Legal Certainty of Indonesia's Green Investment Regulations to Achieve Nationally Determined Contribution (NDC) Target
ICILS
EAI
DOI: 10.4108/eai.27-7-2022.2342446
Abstract
Ratification of Paris Agreement in Law Number 16 of 2016, requires Indonesia to achieve the emission reduction based on the Nationally Determined Contribution (referred to as NDC) by 2030. Green investment itself is an investment that designed to preserve environment and decreasing state emissions through renewable energy and forest conservation. Basically, green investment is beneficial for Indonesia, especially to achieve the NDC targets. However, because green investment is associated with environmental conservation initiatives. Legal certainty regarding the protection of its implementation is relevant to be questioned. This paper aims to determine the legal certainty of green investment in Indonesia in order to support the acceleration of fulfilling the country's NDC. In fact, Indonesia's investment regulations don’t yet reflect legal certainty in terms of protecting the implementation of green investment. Therefore, legal certainty over the protection of green investment must be carried out in order to accelerate the fulfilments of state NDCs.