04.04.22
Emissions trading schemes allow firms to trade emission rights. Firms with low abatement costs will be given incentives to reduce emissions and sell their emission permits to firms with high abatement costs, enabling an economy to achieve emission reductions in the least cost manner.
Indonesia, one of the world’s biggest coal producers and greenhouse emitters, plans to launch its pilot emissions trading scheme in July, which can possibly lead to the implementation of the first national carbon market in Southeast Asia.
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