JAKARTA : 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 on Thursday.
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. 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.
"By applying a carbon tax, the state revenues can be diverted towards renewable energy which has been proven to encourage economic recovery after the pandemic in other countries," Mahawira Dillon, a CERAH researcher, told Reuters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden set to ask Congress to pause petrol tax for 3 months amid record pump prices
Source: STForeignDesk - 🏆 4. / 71 Read more »
Marvel Studios' next big saga to be revealed in coming months as Phase 4 endsMarvel's Phase 3 ended with a bang with Avengers: Infinity War and Avengers: Endgame and whilst Phase 4 saw some bangers like Spider-Man: No Way Home, Doctor Strange in the Multiverse of Madness and WandaVision to name a few, many fans can't help but wonder just how the studios will wrap up this phase. This is especially since new superheroes...
Source: asiaonecom - 🏆 10. / 59 Read more »
Aramco-backed start up Amogy races to develop ammonia as a fuelLONDON : South Korea's SK Innovation has led the latest $46 million funding round for climate tech start-up Amogy, which aims to accelerate the shift to zero-emissions fuels for heavy industries such as shipping, its chief executive told Reuters.With transport accounting for around 17 per cent of the worl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Asian countries set to see sharp food price increasesAsia’s red-hot food prices will likely heat up further in the coming months, with Singapore, South Korea and the Philippines set to see the sharpest price increases.
Source: YahooSG - 🏆 3. / 71 Read more »
Singapore-Desaru ferry services to start July 7, tickets on sale starting June 30SINGAPORE - Singapore-Desaru ferry services will start operations from July 7, connecting Singapore's Tanah Merah Ferry Terminal with Johor's Desaru Coast Ferry Terminal. Tickets and service schedules will be made available online on Desaru Coast's website and Batam Fast's website from June 30. According to a press release issued by the Desaru Coast Destination Resort and Desaru Link Ferry Services...
Source: asiaonecom - 🏆 10. / 59 Read more »
Cement carbon dioxide emissions quietly double in 20 yearsHeat trapping carbon dioxide emissions from making cement, a less talked about but major source of carbon pollution, have doubled in the last 20 years, new global data shows. In 2021, worldwide emissions from making cement for buildings, roads and other infrastructure hit nearly 2.9 billion tonnes of carbo
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »