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Indonesia begins mandatory carbon trading for coal power plants

Indonesia on February 22 launched the first phase of mandatory carbon trading for coal-fired power plants, as an effort to boost renewable energy and achieve net zero emissions by 2060.
Indonesia begins mandatory carbon trading for coal power plants ảnh 1Coal makes up more than half of the Indonesia's power generation (Photo: Reuters)
Jakarta (VNA) - Indonesia on February 22 launched the first phaseof mandatory carbon trading for coal-fired power plants, as an effort to boost renewable energy and achieve netzero emissions by 2060.

At present, coal makes up more than half of the country'spower generation. The first stage of the carbon trading mechanism will cover 99power plants with total installed capacity of 33.6 gigawatt directly connectedto power grids owned by state utility Perusahaan Listrik Negara (PLN).

An official from the Ministry of Energy and MineralResources Mohamad Priharto Dwinugroho said that there are 500,000 tonnes CO2 equivalentready to be traded.

The figure refers to an estimate of the excess emissionsover a total 20 million tonnes CO2 equivalent emission quota given to the powerplants.

Under the mechanism, power plants that emit more carbonthan their quota can buy carbon credits from plants with below-quota emissionsor from renewable power plants.

Indonesia's carbon trade applies to power plants with acapacity of at least 100 MW. However, energy minister Arifin Tasrif said itwill later be rolled out to smaller coal plants and other fossil-fueled powerplants, as well as power plants not connected to PLN's grid./.

VNA
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