Carbon trading for Indonesia: opportunities, challenges, and the role of The Ministry of Foreign Affairs

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Carbon trading for Indonesia: opportunities, challenges, and the role of The Ministry of Foreign Affairs

Bella Zahraisyah - Nama Orang;

Indonesia is a party to the Paris Agreement, a commitment in which the world agreed to limit global warming to well below 2 degrees Celsius above pre-industrial levels and pursue efforts to limit it to 1.5 degrees Celsius above pre-industrial levels. Indonesia submitted its first Nationally Determined Contributions or NDC in November 2016, with five years periodical update as mandated by article four para nine. According to its NDC latest update, Indonesia sets an unconditional target of 29% of greenhouse gases emission reduction against the business as usual (BAU) scenario by 2030 and a conditional target of up to 41% with the help of international support. Based on a 2021 study by the Ministry of Finance, Indonesia has a gap of about 40% to 55% green investment funding needed to reach unconditional and conditional targets. As a solution to the problem, Indonesia plans to adopt carbon pricing. Carbon pricing means setting the price on carbon, an element that is the major contributor to greenhouse gas emissions. Among types of carbon pricing, carbon trading or carbon emission trading is widely used.

This paper will specifically discuss carbon emission trading for Indonesia, the opportunities and challenges of its implementation, and the role of the Ministry of Foreign Affairs in its development. The study is present in four parts: the background of the issue, elaboration on the definition of the terms and concepts used throughout the analysis, the analysis of carbon emission trading for Indonesia, and its conclusion

Ketersediaan

2021-0220 Sekdilu 42-2021 Training Materials Repository Tersedia

Informasi Detail

Judul Seri: -
No. Panggil: Sekdilu 42-2021
Penerbit: Jakarta : Kementerian Luar Negeri., 2021
Deskripsi Fisik: Digital File
Bahasa: English
ISBN/ISSN: -
Klasifikasi: NONE
Tipe Isi: text
Tipe Media: computer
Tipe Pembawa: online resource
Edisi: -
Subjek: Sustainable development
Environmental policy--Economic aspects
Carbon offsetting
Info Detail Spesifik: -
Pernyataan Tanggungjawab: UPT Sekolah Dinas Luar Negeri

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