Objectives
This workshop will delve into ERPAs and share knowledge and understanding of regulatory frameworks impacting the ERPA in the Indonesian context.
Background
Emission Reduction Purchase Agreements (ERPA) serve as legally binding contracts facilitating the delivery of verified carbon credits from one party to another. These agreements lay the foundation for carbon trading and include pre-negotiated terms around the reduction of greenhouse gas (GHG) emissions. A critical aspect of ERPAs is that the contract binds both parties to specific commitments, including the volume of emissions reduced, the financing terms, and performance metrics that trigger payments. Usually, ERPAs cover multiple years and payments are made at regular intervals based on verified and reported outcomes. This can also be seen in Indonesia, where the Ministry of Environment and Forestry has signed an Emission Reduction Purchase Agreement (ERPA) with the Forest Carbon Partnership Facility (FCPF), opening up the opportunity for Indonesia to receive USD 110 million and reduce 22 million tons of CO2e. Given the long-term nature and binding nature of these agreements, it is essential to understand more about the structure of ERPAs from legal perspectives.
Speakers
- Patia Chairunisa, Associate, UMBRA Strategic Legal Solutions
- Michelle Angely, Associate, UMBRA Strategic Legal Solutions
- Sarfina Adani, Consultant, Neyen
Agenda
09.00 – 09.30 Registration and coffee
09.30 – 09.35 Welcoming remarks, Sarfina Adani, Neyen
09.35 – 09.50 ERPA Introduction, Sarfina Adani, Neyen
10.00 – 10.30 Impact of Indonesian regulatory framework on structuring of ERPA, Patia Chairunisa & Michelle Angely, UMBRA
10.30 – 11.15 Q&A
11.15 – 11.20 Closing and photo session
11.20 – 12.00 Networking session
When and where?
10th October, 09:00 – 12:00 WIB
WeWork Revenue Tower – 25th Floor, Meeting Room 25A
Please note, this is an in-person only event.
Who is this for?
This workshop is intended for private sector Project Developers based in Indonesia, government officials, CSOs, and Industry who are interested in participating in the carbon market or represent local communities with an interest in the Indonesian Carbon Market.