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Indonesia's Efforts in Achieving Carbon Emission Reduction Target

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Currently, some countries are meeting at the COP26 in Glasgow, Scotland until November 12 2021. This conference aims to accelerate the Paris Agreement in a bid to suppress climate change impact caused by greenhouse gas emission.

The latest report in 2021 by the Intergovernmental Panel on Climate Change as quoted from revealed that greenhouse gas emission, including carbon dioxide, is the main cause of climate change that results in a chain reaction, such as extreme weather, rising sea level, and disasters like drought and flood.

The global greenhouse gas emission, which has risen by 43% over the last two decades, indicates that a worse climate crisis will happen sooner. All efforts to suppress greenhouse gas emission need to be done right now.

All countries, including Indonesia must join hands in reducing the greenhouse gas emission. Otherwise, there will be a great impact, including the economy.

Indonesia set the 29% greenhouse gas emission reduction target by itself and 41% with international support in 2030. The Indonesian government is committed to achieving that target. The commitment has been written in the Nationally Determined Contribution document.

The Indonesian government is very serious in implementing its commitment to achieve the greenhouse gas emission target. The Indonesian government had implemented various policies and taken strategic moves. One of which was Carbon Economic Value policy.

President Joko Widodo in the COP 26 stated that he had ratified the Presidential Decree on Carbon Economic Value.

Head of Fiscal Policy Agency at the Finance Ministry, Febrio Kacaribu in his official statement, as quoted from explained that the Presidential Decree on Carbon Economic Value ratification was an important milestone in deciding Indonesian policy towards the NDC target in 2030 and Net Zero Emission in 2060.

The efforts by the Indonesian government in reducing greenhouse gas emission needs cooperation with other countries. It is surely a great work that needs cooperation and a huge fund.

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