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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The post Jakarta Sets Carbon Pricing Policy: Straits Times appeared first on Asia Financial.
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