Indonesia and the UK signed an implementing arrangement (IA) on July 24 to assist this Southeast Asian country in establishing carbon pricing.
The IA is a follow-up to the cooperation memorandum of understanding (MoU) signed by the two countries during last year's G20 Summit in Bali. Under this MoU, the British government committed GBP 2.7 million (approximately USD 3.5 million) in funding to provide recommendations and policy studies for Indonesia's carbon pricing.
