Wednesday, February 28, 2024 | 06:49 WIB

ASEAN release 2nd edition taxonomy in Bali to reduce carbon emissions

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Jakarta, IO – ASEAN member countries continue to strive to reduce carbon emissions through energy transition. Various steps have been taken, including the implementation of the second edition of the green taxonomy released in Bali, Thursday (31/3), reported Katadata.

Green taxonomy is a classification system that defines a list of eco-friendly economic activities that support efforts to protect the environment and mitigate and adapt to climate change.

Finance Minister Sri Mulyani explained that it has accommodated the energy transition needs of countries like Indonesia. One of the most tangible forms of commitment includes classifying the steam power plant (PLTU) early retirement as a green project.

In addition, Sri Mulyani said it was part of the efforts to discontinue the use of coal-fired power plants. According to her, the green taxonomy will also provide clarity to investors who wish to invest in green or sustainable projects.

“This is real progress, and I can see that there is a lot of good will from the international world, from the ASEAN region, and from within Indonesia, to really carry out this commitment to avoid catastrophic climate change,” she said.

Read: Finance Ministry disburses Rp104.2t to maintain food security

Furthermore, this will be one of the most important achievements in the ASEAN Finance Ministers and Central Bank Governors’ Meeting in Indonesia. This guidelines, added Sri Mulyani, is the first to recognize energy transition funding through the green and yellow categories, and provides clarity on the classification or category of projects, as well as how to measure its implementation.

It is hoped that through this measure, Indonesia and ASEAN can serve as an example of countries that take real action to address climate issues through projects that prioritize the interests of society and the environment. (un)

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