A new international tax taskforce is exploring tax policies that could finance sustainable development and climate action. This could pave the way for a fair taxation system that would accelerate a just transition.
Moving in the opposite direction from the rest of the world, Indonesia plans to lower its renewable energy ambitions by 2030. The new governing administration needs to make effort to ensure that even the reduced targets are met.
The COP28 president needs to deliver his promise to bridge the Global South’s annual US$1 trillion shortfall in climate financing. He can start by endorsing a levy on windfall oil revenues on petroleum states.
Indonesia wants to increase its use of electric vehicles but tax incentives have had a fairly limited impact. The cost of rolling out public charging stations and other supporting infrastructure is a challenge.