The President of Indonesia has issued Presidential Regulation No. 98 of 2021 (Perpres 98 Tahun 2021) regarding the Implementation of Carbon Economic Value for Achieving Nationally Determined Contribution Targets and Control of Greenhouse Gas Emissions in National Development (“PR 98/2021”) on 29 October 2021. PR 98/2021 was signed by President Joko Widodo before he left for Glasgow to attend the 2021 United Nations Climate Change Conference (COP 26).

Accordingly, the Minister of Environment and Forestry (“MOEF”) issued a MOEF Regulation No. 4 of 2021 on The List of Business and/or Activities Required to Have Environmental Impact Analysis, Environmental Management Efforts, and Environmental Monitoring Effort or Statement of Environmental Management and Monitoring Ability.