Indonesia’s coal mining association proposes change in HBA calculation for accuracy: sources
The Indonesia Coal Mining Association, or ICMA, has proposed to the government that it lower the influence of Australian coal prices in the calculation of Indonesia’s HBA Index, a move they believe will reflect the country’s coal prices more accurately, market sources familiar with the matter told S&P Global Commodity Insights July 14.
Marcos admin urged to assert arbitral award to help keep energy costs down
MANILA, Philippines — Retired Associate Justice Antonio Carpio hopes that country’s new leadership will have the “political will” when asserting the 2016 ruling in the arbitration case against China, which would allow Manila use of natural resources, like oil and gas, in the West Philippine Sea.
Indonesia to tax palm oil exports again, starting in September
NUSA DUA, Indonesia, July 16 (Reuters) – Indonesia will go back to applying a progressive palm oil export levy system starting on Sept. 1 and use the revenue to stabilise domestic cooking oil prices and fund its biodiesel programme, Finance Minister Sri Mulyani Indrawati said on Saturday.
Indonesia plans new incentives to clear palm oil inventory, boost exports
JAKARTA, July 15 (Reuters) – Indonesia plans to soon bring in new rules on its palm oil export levy and incentives to increase exports and empty storage tanks, a senior official said, the latest effort to accelerate shipments after a ban ended in May.
Emerging nations warn high energy costs could threaten emissions targets
NUSA DUA, Indonesia, July 14 (Reuters) – Indonesia and India on Thursday underscored a call by emerging nations for more climate change financing, warning that rising energy prices due to the Ukraine war would make it difficult for countries to cut emissions.
Vietnam legislature approves further 50% cut in environment tax on fuel
Vietnam’s national assembly approved on Wednesday (Jul 6) a plan to cut environment tax on fuel by half for the second time in three months as soaring energy prices put pressure on inflation, state television reported.
Ministries to promote green industry in Indonesia
The industry and energy and mineral resources ministries are committed to improving the national green industry by prioritizing the effective and efficient use of sustainable resources.
Govt promotes energy savings program to reduce energy crisis impact
The Indonesian government is promoting the national energy savings program as a strategic step to alleviate the impact of the global energy crisis triggered by the geopolitical conflict between Russia and Ukraine.
Singapore releases guidelines for first sovereign green bond issuance
Singapore has published a framework document for green bond framework for issuing its first sovereign green bond.
Indonesia recommends Energy Transition Policies at B20 ESC Meeting
The B20 Energy, Sustainability, and Climate (ESC) Task Force has drafted recommendations and policy actions on global energy transition during the 5th call meeting that was held virtually on June 21, 2022.