indonesiaimplementationThe urgency of mitigating the effects of climate change has now become a global agenda, influencing policy implementation in a variety of countries, including Indonesia. Carbon tax or carbon tax is one of the economic types of evidence to support the reduction of carbon ...
In addition, an estimate of how much carbon tax Indonesia must implement to meet its NDC by 2030 of reducing between 29 and 41% of its emissions under the BaU scenario by 2030 was conducted. In the TIMES model, the power sector model is constructed. 2 Model development The Indonesia TIMES...
Indonesia defers the introduction of carbon tax: On April 4, 2022, it was reported widely that the Government of Indonesia was to defer the introduction of its carbon tax from April 2022 until July 2022. Head of Fiscal Policy Agency, Ministry of Finance, Mr Febrio Kacaribu said: ...
Challenges are mounting for Singapore's refiners and petrochemical producers as the new tax rate risks lowering their competitiveness. Elsewhere in southeast Asia,Indonesiais the only other country that has shown a degree of seriousness in taxing carbon emissions. Singapore houses some of the biggest ...
In early 2023,Indonesialaunched its ETS which now only covers coal-fired power plants (CFPP). The system mandates intensity-based emissions coverage for CFPP facilities with a production capacity of 100 megawatts (MW). The design of the ETS is a mandatory intensity-based emissions coverage at ...
Indonesia holds considerable promise as a carbon storage area and a location for carbon capture on both national and regional scales. If managed and regulated effectively, these potentials could boost investment appeal and yield econom...
An efficiency–equity trade-off can be identified in the literature, where carbon tax revenues can either stimulate the economy (via lower taxes) or reduce inequality across households (through transfers to households). Obtaining a triple dividend in an environment where emissions reduction, economic ...
tax are assumed to be transferred back to farmers by paying them for the generated carbon sinks on agricultural land. This, in turn, reduces the overall space for distributional measures of governments to, for example, consumers, as the net GHG price revenues (tax minus subsidy payments) would...
描述 Jakarta, Indonesia Lightbox Image (duplicate of Image) Body (only for migrated news) On 18 March 2021, the Indonesian Minister of Energy and Mineral Resources announced the launch of a voluntary emissions trading trial in the power sector, which will initially run from March to August 202...
Alonso and Kilpatrick [20] also analyze the distributional impact of a carbon tax in 14 economies in Asia and the Pacific region (Australia; China; Hong Kong SAR, China; India; Indonesia; Japan; Kiribati; the Republic of Korea; Mongolia; Myanmar; New Zealand; the Philippines; Singapore; and...