The new mechanism allows power plants that emitted more carbon than their quota to buy carbon credits. Read more at straitstimes.com.
JAKARTA - Indonesia on Wednesday launched the first phase of mandatory carbon trading for coal power plants, part of efforts by South-east Asia’s biggest economy to boost renewable energy and achieve net zero emissions by 2060.
The figure refers to an estimate of the excess emissions over a total of 20 million tonnes CO2 equivalent emission quota given to the power plants. Indonesia’s carbon trade applies to power plants with a capacity of at least 100 MW. Energy minister Arifin Tasrif said, however, it would later be rolled out to smaller coal plants and other fossil-fuelled power plants, as well as power plants not connected to PLN’s grid.
One of the world’s biggest greenhouse gas emitters, Indonesia in 2022 set a more ambitious target for
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