TheJakartaPost
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The move to increase mining royalties takes place as the government has seen a more than 30 percent decline in tax revenue that accounted for more than half of state revenue in the first two months of this year.
Exports from Indonesia’s manufacturing and agriculture sectors have seen strong growth thanks to a considerable boost from crude palm oil (CPO) and machinery, but the mining industry has suffered a sharp annual decline.
Indonesia's gold royalty rate is higher than that of most other jurisdictions and is generally perceived as regressive, so the government needs to consider at least four possible actions to maintain competitiveness and encourage investment while boosting revenue.
The Indonesia Just Energy Transition Partnership (JETP) secretariat has insisted that the complete withdrawal of the United States from the program will have little effect on the overall climate funding for the country, stressing that some ongoing deals will still commence as planned.
Indian ambassador to Indonesia Sandeep Chakravorty said the two countries could work together in the energy transition. This included, he claimed, finding ways to process coal, which the two countries are heavily reliant on, into cleaner energy.
