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Indonesia to set emission quotas for several coal-fired power plants

Indonesia has set a target of issuing emission quotas for some coal-fired power plants within this month as a first step towards creating a mechanism for domestic carbon trading.
Indonesia to set emission quotas for several coal-fired power plants ảnh 1NIllustrative image (Photo: internationalfinance.com)
Jakarta (VNA) - Indonesia has set a target of issuing emissionquotas for some coal-fired power plants within this month as a first steptowards creating a mechanism for domestic carbon trading.

Last year, Indonesia, among the world's biggest greenhousegas emitters, set a more ambitious goal of reducing carbon emissions by 31.89%on its own or 43.2% with international support, by 2030.

That compared to its 2015 Paris Agreement pledge to cutemissions by 29% or 41% with international help.

Mohamad Priharto Dwinugroho, an official of the Ministry ofEnergy and Mineral Resources, said that the quotas will be set the latest byJanuary 31. After obtaining the quotas, businesses are required to carry outcarbon trading.

The first phase of carbon trade will cover coal power plantswith minimum 100 megawatt capacity that are directly connected to power gridsowned by state utility Perusahaan Listrik Negara (PLN), according to DadanKusdiana, another ministry official.

There are 99 coal plants with a combined installed capacityof 33.6 gigawatts (GW) that may join the carbon trade this year, ministry datashowed./.
VNA
#Indonesia#coal-fired power plants#carbon trading#emission quotas#greenhouse gas#Vietnam#Vietnamplus#Vietnam News Agency
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