The threat of an El Niño in Indonesia this year should not only be a serious concern for global supply chains in forestry and palm oil concessions but also for global carbon markets, bearing in mind that the law enforcement actions previously carried out by Indonesia's Ministry of Environment and Forestry also involve several of these concessions, in particular those linked with such markets.

The Indonesian Environment and Forestry Ministry is continuing to make consistent and substantial efforts to ensure that forest carbon governance remains on a legal track following the issuance of the landmark presidential regulation on the country's economic value of carbon, which was signed by President Joko Widodo in October last year.