The Impact of Environmental Permitting with a Risk-Based Approach on Investments Based on the Job Creation Law

DOI

10.2991/978-2-38476-180-7_91How to use a DOI?

Keywords

Bali; Omnibus Law; Risk-Based Approach; Tourism

Abstract

After the enactment of the Law No. 11 of 2020 Concerning the Creation of Jobs (hereafter referred to as the “Job Creation Law”), LN 2020/No. 245, TLN No. 6573, it has impacted environmental licensing activities, particularly in the simplification of permits for business activities in the field of environmental utilization. The Law on Job Creation mentioned changes in environmental licensing from a License Approach to a Risk-Based Approach. Risk-Based Approach (RBA) is a risk-based licensing approach where the level of risk is taken into consideration for each action or business conducted. Bali is one of the small islands located in the Indonesian waters, which is believed to have a significant impact on Indonesia’s tourism industry. The attractiveness of Bali lies in its natural beauty, culture, and diverse culinary offerings that distinguish it from other regions in Indonesia. The research methodology to conduct this study is juridical normative, which focuses on secondary data research. The focus of this discussion is limited to the question of the implications of granting environmental permits with a risk-based approach for investment in Bali based on the Omnibus Law. As a result, The development of tourism must consider the preservation of the environmental functions around the tourist areas. As a result, it is possible to efficiently grow tourism while maintaining the environmental functions in the vicinity of tourist destinations. This criteria can be met by employing proper management and operation across sectors and enlisting private partners involved in the development of sustainable tourism.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ida Bagus Indra Wiratma Pidada
AU  - I. Made Arjaya
AU  - I. Ketut Kasta Arya Wijaya
PY  - 2023
DA  - 2023/12/31
TI  - The Impact of Environmental Permitting with a Risk-Based Approach on Investments Based on the Job Creation Law
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 850
EP  - 868
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_91
DO  - 10.2991/978-2-38476-180-7_91
ID  - Pidada2023
ER  -