The carbon tax implementation in Indonesia gradually starts on July 1, 2022, limited to coal-fired power plants (PLTU). It uses a cap and tax scheme, with tariffs applied to the number of emissions exceeding the set cap. Therefore, taxpayers can also take advantage of carbon certificates purchased on the carbon market to reduce their tax ob...
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In response, some nations may implement trade protection measures, including retaliatory tariff increases (Overland and Sabyrbekov, 2022). Moreover, studies by Ramadhani and Koo (2022) indicate that Indonesia's implementation of carbon taxes in response to CBAM can also help alleviate economic and...
To address the impact of COVID-19, the Government of Indonesia has had to reduce spending on net-zero and energy transition programs. In this context, the introduction of a carbon tax is fiscally prudent, and policy critical. GoO on the move – Guarantee of Origin Schemes: Edition 20 of ...
carbon tax in 2012 received mixed feedback from members of the public on concerns of increased cost of living, leading to its repeal in 2014. Learning from such experiences, Malaysia can develop strategies to address public concerns and balance stakeholder needs to ensure successful implementation. ...
Another 35 jurisdictions are considering implementation of a carbon price, including major economies such as Brazil, India and Indonesia. New carbon pricing mechanisms are also emerging—notably, carbon tariffs. These levies require importers to pay the same carbon price as domestic producers, as a ...
The voluntary program is set to continue, with yearly trading periods and reviews, until the implementation of a national ETS. Indonesia has been developing a domestic ETS since it passed the “Government Regulation on Environmental Economic Instruments” in 2017, which provides a mandate for an ...
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However, carbon pricing might not be regressive in developing countries. For example, the carbon tax is slightly progressive in Indonesia (Yusuf and Resosudarmo, 2015), and studies in Mexico (Renner et al., 2018) and Thailand (Saelim, 2019) showed that the carbon tax could reduce income in...
household income. Nevertheless, Indonesia and Malaysia can potentially gain from the implementation of a carbon tax as it counteracts price distortions due to the existence of energy subsidies in these two countries. 展开 被引量: 2 年份: 2012 ...