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.
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./.
Indonesia and the US have committed to launching a new climate partnership early next year with funding of up to 50 million USD to help Indonesia achieve its forestry carbon sink goal by 2030.
Government-backed financial institutions from Japan, the US, and Australia have pledged to support Vietnam's efforts to cut carbon emissions, according to the chairman of the Japan Bank for International Cooperation (JBIC).
By developing and operating the domestic carbon market, Vietnam will effectively reduce carbon emissions. This will happen due to the increase in compatibility with international carbon pricing mechanisms, link with international and regional carbon markets, and increase competition among Vietnamese products, according to experts.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
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Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
NIllustrative image (Photo: internationalfinance.com) 
