Enviro Strategic Alliance (ESA) was born from the initiatives of several prominent figures in Indonesian environmental law. With our commitment and dedication in fighting for sustainability value of business development, we aim to assist in the implementation of environmental law to the stakeholders.
ESA, as a company focusing on legal service and consultancy in environment, natural resources, and good environmental governance; is committed to improving stakeholders’ literacy and ability in business application with sustainability value.
We provide a comprehensive range of strategic consulting services in environmental management and natural resource governance.
With an expertise-driven approach and a commitment to sustainability, we help clients ensure regulatory compliance and enhance operational efficiency
Indonesia officially started carbon trading on 26 September 2023 through the launch of the Indonesia Carbon Exchange (IDX Carbon). Carbon trading is one of the mechanisms to fulfill Indonesia's Nationally Determined Contributions (NDC), which are efforts promised by the country to comply with the Paris Agreement by reducing its carbon emissions. To understand how carbon trading is done, we need to understand the basic concept first which will be explained in this article.
Currently, fossil fuel energy still dominates the global energy mix, especially for electricity generation. However, this also has a negative impact on the environment and climate due to the massive GHG emissions it produces. This practice has encouraged the initiative to carry out an energy transition towards the use of renewable energy while at the same time gradually reduce the use of fossil fuel energy. This initiative is certainly not without problems. There are many unintended consequences that may occur, ranging from drastically increasing energy prices, shifting workforces between industries, the question of science and plausibility of the transition scenario, and many more. On the other hand, we also cannot continue to rely on fossil fuels that will one day run out amidst increasingly worsening environmental conditions. The following is a description of the benefits of energy transition that need to be considered by business actors when they are about to transform their business activities.
The current era of social media makes all kinds of information easy to obtain, including information about a company's business activities. This open era also demands companies to transform to be more open and transparent in carrying out their business activities. This aspect of openness and transparency is one of the elements of Good Corporate Governance which is also part of ESG standards. Companies that want to improve their quality, not only from the profits they get, but also from the governance that is their foundation, must transform to follow these good standards. Various studies have shown that increasing corporate transparency brings various benefits ranging from value creation that drives company performance, positive consumer perception, and improving marketing reputation. Increasing transparency is also in line with the demand for ESG standards that have been widely implemented by various companies as their commitment to sustainability.
