Balancing act: Coal barges queue to be pulled along Mahakam river in Samarinda, East Kalimantan. Indonesia, the world’s top exporter of thermal coal, is trying to protect its economic interests while addressing global warming. ― Reuters
JAKARTA: Indonesia, the world’s top exporter of thermal coal, will take a gradual approach in pricing and capping greenhouse gas emissions when it rolls out its first carbon tax and trade policy next year.
South-East Asia’s largest economy, which relies on coal for 70% of its electricity, will set an official limit starting April 1, with those emitting above the cap required to purchase offsets or pay a tax of 30,000 rupiah (US$2.10 or RM8.78) per tonne of carbon dioxide equivalent, fiscal policy chief Febrio Kacaribu said in an interview.
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