Indonesia Introduces Carbon Trading For Its Coal Power Plants
Indonesia has announced that the initial phase of rolling out a carbon trading mechanism for coal power plants has begun. It will cover 99 plants which will be provided a quota of 20 million tonnes of CO2 equivalent.
The mechanism will enable plants that exceed their emissions quota to purchase carbon allowances from producers who stayed below their quota, or alternatively from plants that produce renewable energy.
Photo courtesy of mad mags.
Source: Carbon Herald (link opens in a new window)