The Indonesian government is still working on finalizing its carbon tax regulation, which aims to anticipate the Carbon Border Adjustment Mechanism (CBAM) that will be fully implemented by the European Union in 2026.
“The regulation is still being perfected as the EU will implement CBAM in 2026,” Coordinating Minister for Economic Affairs Airlangga Hartarto said in Jakarta on Tuesday.
He said that Indonesian industries need to prepare to shift to green energy and become clean industries, as the EU will start the CBAM transitional period in 2024.
Source: en.antaranews.com
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