Indonesia does not have a carbon tax, has not put a price on carbon, nor has an emission trading system. However, there are several sources that finance projects to reduce emissions, especially from land use, land use change, and forestry (LULUCF). In October 2019, the most recent financing mechanism was announced. The Environmental Fund Agency,...
Flood events in Indonesia are becoming increasingly intense and frequent. Two UNESCO biosphere reserve islands, recognized for their natural beauty and biodiversity, were subsumed by the ocean. Betet and Gundul islands are now between 1 and 3 meters below sea level. Four other nearby islands are on the verge of disappearing. The loss of coastline...
