Jakarta Sets Carbon Pricing Policy: Straits Times

Indonesia has passed a much-anticipated regulation that sets a price on carbon emissions and creates a mechanism to trade carbon, the Straits Times reported.

President Joko Widodo announced the new regulation at COP26 in Glasgow as the world’s eighth largest greenhouse gas emitter steps up efforts to achieve its climate goals.

Carbon trading is a system where a government sets a limit on the amount emitted and then divides this amount into units which are allocated to different groups.

Read the full report: The Straits Times

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.