21.9 C
Brunei
Monday, June 27, 2022
21.9 C
Brunei
Monday, June 27, 2022
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    Indonesia could push back carbon tax set to start next month

    CNA – Indonesia’s carbon tax, due to take effect next month, could be delayed due to global economic conditions and to give authorities time to prepare for it, an official said yesterday.

    Among the top 10 carbon polluters globally and the world’s largest exporter of thermal coal, Indonesia had already delayed the tax to July from April.

    The much-anticipated tax is part of Jakarta’s commitment to reach net-zero emissions by 2060 and comes as it prepares to host the G20 leaders summit in November.

    “Considering global economic conditions that have not been conducive and we also are continuing to perfect our carbon market scheme… the government is considering to review again the implementation of the carbon tax this July,” said Head of the Finance Ministry’s fiscal policy office Febrio Kacaribu.

    He added, however, that Indonesia still aims to start charging a carbon tax on greenhouse gas emissions produced by coal-fired power plants in 2022 and this will be showcased as a strategic policy at the G20 summit.

    Local clean energy think tank CERAH argued the government should apply the carbon tax as soon as possible to generate funds to finance green energy development.

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