KONTAN.CO.ID - JAKARTA. Indonesia on Tuesday launched a revised "taxonomy" or green investment rulebook categorising coal-fired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups. Environmentalists criticised the notion of categorising the financing of new coal power plants as sustainable when the possibility was first raised by authorities last year, pointing out such plants are a significant source of carbon emissions. The new taxonomy was a revision to a 2022 document defining what is considered a sustainable investment in support of Indonesia's pledge to achieve net-zero emissions by 2060.
Indonesia's New Green Investment Rulebook Includes Coal Power Plants
KONTAN.CO.ID - JAKARTA. Indonesia on Tuesday launched a revised "taxonomy" or green investment rulebook categorising coal-fired power plants used in nickel facilities as part of the global transition to a green economy, in a move likely to face opposition from green groups. Environmentalists criticised the notion of categorising the financing of new coal power plants as sustainable when the possibility was first raised by authorities last year, pointing out such plants are a significant source of carbon emissions. The new taxonomy was a revision to a 2022 document defining what is considered a sustainable investment in support of Indonesia's pledge to achieve net-zero emissions by 2060.