NEGARA VERSUS BURSA DALAM INVESTASI BERKELANJUTAN DAN PERDAGANGAN KARBON: TANTANGAN SINERGI DAN PROYEKSI HARMONISASI HUKUM
DOI:
https://doi.org/10.55292/yjem0574Keywords:
sustainable investment, carbon trading, Law, IndonesiaAbstract
Problems caused by climate change in various sectors of life force all countries to respond with appropriate policies. Indonesia as a country that has committed to the Paris Agreement has adopted several legal instruments to mitigate the impacts of climate change. Investment is one of the sectors that plays a role in mitigating the impacts of climate change. Global investment standards require a paradigm transformation from conventional to more environmentally friendly. Carbon trading and sustainable investment are considered to be instruments that can contribute to reducing emissions. There are two problems that arise in the legal framework of carbon trading and sustainable investment in Indonesia. The first problem is related to the scope of the state in market dynamics. Furthermore, the interconnection between sectoral regulations. Sectoral ego can be an obstacle in accelerating carbon trading and sustainable investment. This study is a legal research based on a qualitative doctrinal approach by analyzing national legal instruments on sustainable investment and carbon trading. The study argues that the synergy of state and market was partial. Under certain conditions, the market will dominate as part of global dynamics.
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