The ratification of Paris Convention through Law Number 6 of 2016 shows the readiness of Indonesia to get on board in mitigating climate change. In the early stages of its effort to combat climate change, Indonesia is implementing Carbon Tax in its ‘Cap and Trade’ Mechanism for coal-fire steam power plants. By taxing carbon emissions, the Indonesian government is encouraging the adoption of a cleaner and more sustainable business practices as it places the financial burden on coal-fire steam power plants in the hope of transitioning towards a greener economy and fostering environmental responsibility. Find out more our insights about this topic in our Legal Brief Publication.
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