Indonesia launched the first phase of mandatory carbon trading for coal power plants, part of efforts by Southeast Asia's biggest economy to boost renewable energy and achieve net zero emissions by 2060. Coal makes up more than half of Indonesia's power generation. The first stage of a carbon trading mechanism will cover 99 power plants with total installed capacity of 33.6 gigawatt directly connected to power grids owned by state utility Perusahaan Listrik Negara (PLN).

Source: Reuters