Indonesia, one of the world’s biggest coal producers and greenhouse emitters, plans to launch its pilot emissions trading scheme in July, which can possibly lead to the implementation of the first national carbon market in Southeast Asia.
Indonesia has also established the foundations necessary for a domestic carbon market. It laid out a legal basis for carbon pricing instruments, including Indonesia’s own scheme, through a presidential decree issued in 2021.
There are many aspects to consider in designing an efficient and cost-effective scheme. Our previous article outlined some of them. But one crucial issue is that of transparency.
