Jakarta, Oct. 29 -- Accurate verification of industrial emissions could reduce compliance costs under the European Union's Carbon Border Adjustment Mechanism (CBAM) by approximately 90 percent compared to using EU default values, according to Indonesia's National Economic Council (DEN).

DEN member Mochamad Firman Hidayat stated that the finding emerged from a single-case simulation comparing cost calculations based on EU default figures against specific data from the Ministry of Industry.

Speaking at a discussion hosted by the Center for Indonesian Policy Studies (CIPS) in Jakarta on Thursday, Firman noted that while the 90 percent figure highlights a major potential saving, it is based on a specific case and does not represent a unifor...