インドネシアにおける炭素クレジットの担保利用に関する法的枠組み：有効性、執行可能性、担保権の対抗要件
The Legal Framework for Using Carbon Credits as Collateral in Indonesia: Validity, Enforceability, and Perfection of Security Interests (原題)
Patrick Martin, Viyoneta Purnama
🤖 gxceed AI 要約
日本語
本論文は、インドネシア法における炭素クレジットの法的性質を検討し、無形・譲渡可能資産として信託担保（フィデュシャリー）の対象となり得ることを示す。大統領令2025年第110号等の枠組みを分析し、識別・譲渡・デジタル登録が可能である点で要件を満たすと論じる。ただし担保利用に関する具体的規則が欠如し、分類・評価・登録・執行に法的不確実性が残り、銀行の受容性を損なうと指摘する。包括的な規制改革が炭素市場と気候政策目標の支援に必要だと結論づける。
English
This article examines the legal status of carbon credits under Indonesian law, arguing they qualify as intangible, transferable assets capable of serving as fiduciary security. Analyzing Law No. 42/1999 and Presidential Regulation No. 110/2025, it finds carbon credits meet identifiability, transferability, and digital registry requirements. However, the absence of specific collateral rules creates legal uncertainty over classification, valuation, registration, and enforcement, undermining bankability. Regulatory reform is needed to strengthen creditor protection and support Indonesia's carbon market.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
インドネシアの炭素クレジット担保化は、日本企業が現地で炭素市場・JCM（二国間クレジット制度）に関与する際の法的リスク評価に直結する。炭素資産の金融化は、日本の金融機関がアジアで気候金融を拡大する上での参考事例となる。
In the global GX context
This paper contributes to global climate finance scholarship by exploring the frontier of carbon credits as collateral, a topic relevant to ISSB/IFRS sustainability disclosure and transition finance. It highlights how emerging markets are building legal infrastructure for carbon markets, offering lessons for international carbon market integration and Article 6 cooperation.
👥 読者別の含意
🔬研究者:炭素クレジットの法的性質と担保権の比較法研究に関心のある研究者に有用。
🏢実務担当者:インドネシアで炭素クレジットを担保にした融資や投資を検討する金融・法務担当者に実務的示唆を提供。
🏛政策担当者:炭素市場の金融化を進める規制当局に対し、担保法制の整備の必要性を示す。
📄 Abstract（原文）
The development of carbon trading in Indonesia has transformed carbon credits from environmental policy instruments into emerging economic assets with potential applications in sustainable finance. This article examines the legal status and characteristics of carbon credits under Indonesian law, particularly their classification as intangible, transferable assets that may serve as objects of fiduciary security. Employing a normative juridical approach, this study analyzes the relevant provisions of Indonesian security law, particularly Law No. 42 of 1999 on Fiduciary Security, together with the carbon regulatory framework established under Presidential Regulation No. 110 of 2025 on the Administration of Carbon Economic Value Instruments and the Control of National Greenhouse Gas Emissions. The analysis demonstrates that carbon credits possess characteristics consistent with those of intangible, transferable assets and, in principle, may satisfy the legal requirements for fiduciary security because they are identifiable, transferable, and capable of being recorded through digital carbon registry mechanisms. Nevertheless, the absence of specific rules governing the use of carbon credits as collateral creates substantial legal uncertainty regarding their classification, valuation, registration, monitoring, and enforcement, which may undermine their bankability and acceptance by financial institutions. Accordingly, regulatory reform is required to establish a comprehensive framework governing the use of carbon credits as collateral, thereby strengthening creditor protection, facilitating sustainable financing, and supporting the development of Indonesia’s carbon market and broader climate policy objectives
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.58344/locus.v5i9.6383first seen 2026-10-02 04:52:42
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