ladies and gentlemen honorable speakers guest students and all participant we kindly request to all of you to be SE and ready on screen because in a few minutes our International webinar will be start okay you kind kindly requested to activate your camera and mute your microphone during this webinar so this event can be running well and smoothly good good morning I am toti as your master of ceremony today ladies and gentlemen honorable speakers guests students and all participant faculty of Economic and Business univers bangara Jakarta collaborates with University Tey Mara proudly present an international seminar on collaboration univers banara and un City technology Mara the urgency of carbon tax implementation thday October 10 2023 good morning to all of you may peace beas broadcasting live from univers banar jaka Indonesia using virtual platform you can also access this we to on YouTube channel at univ bayara Jakarta R let's join and get a valuable and useful Knowledge from this webinar in this occasion we are honored to welcome dean of Faculty of economics and business univers bayara Jakarta dras B MBA and all key official from univ bayar jakat R and Dr n Hala is head faculty of business and Management Center of studies and all key official from University Tei Mara chaang Johor Malaysia we are honored to welcome our speakers today first Professor Dr Dr Anders Wilson bangun M he is yes I'm ready thank you Dr profils he is from univers maranata Indonesia and also Professor Dr m m from univ bayara good morning uh Prof mother okay and from uh U itm uh Dr rosmawati Haron good morning good morning Dr Ros maati Haron yeah good morning yeah thank you for coming and also Dr Juliana Muhammad Abdul Kadir from U itm good morning Dr Juliana is coming okay okay we continue okay all weinar lecturers and participant participants from attending universities ladies and gentlemen thank you for your joining us honorable speakers ladies and Gentlemen please kindly ad accordingly to respect Indonesia national anthem Indonesia R and also uh National Anem from Malaysia Naraku [Music] [Music] the the [Music] the [Music] [Music] [Music] IND [Music] up [Music] [Music] the son my [Music] me the thank you distinguish speakers ladies and Gentlemen let's pray together to express our blessing and gratitude to almighty God Allah subhana wa ta'ala this pray will be lead by Dr yayan hyana s mm time is yours missan go for moment pray to God Allah subh waala so that our International webinar can be to all of us I will pray based on the teaching of Islam and Muslim you are pleas [Music] to today Tuesday October 10 2023 in this together to bring and collaborative scientific webinars with the team agency of implementation of carbon tax organized by the University of bayara jakara and University technology Mara throughout online media make this webinar as a useful science science assembly as medium of sharing useful ideas knowledge and experiences of scholar researcher and student of various disciplines my conference we organize today have benefit to our livs Le our knowledge sign our ideas and lead us to be successful production person yeah Allah guide and bless our hearts and our mind with the light of your guidance impart your sum wisdom you our activities have asked to speak our mind clearly have us to listen to each other respect each other love each other so that we are included to the blessed person yeah Allah protect us from un intended Temptation show us the right path and give us knowledge and strength to perform good things qu show us and make it clear the bad things and give knowledge and Str them yeah Allah you are the one who can [Applause] fulfill thank you Mr yay uh for leading the pray may God uh always be upon us Aman okay ladies and gentlemen we regardlessly request that participant may use the platform background platform that we have share in chat room is okay thank you and uh next we would like to invite the de of Faculty of Economic and Business un banar Jakarta to deliver the welcoming remark Dr Del apologize because she is attending other activities so she cannot attend this event however we have provide a 7even Minutes video of her welcoming speech Let's listen it together good morning ladies and gentlemen all participants my dear colleagues distinguished guests and all my students praise to Allah subhana wa taala God the almighty that we can be here jointly In This Very Special Occasions the collaborations ofasa and the University of Technology Mara chaor Malaysia first of all I would like to send our gratitudes and appreciation to Dr nor Aila um who is the head of Faculty of business and management from the University technology Mara chawang Johor Malaysia it is indeed an honor for me to also welcome our distinguished and honorable speakers Professor Dr Wilson bit from the University of maranata by Indonesia Professor Dr IM sudarma from the univers praya Malang Indonesia Dr rosmawati Haron from the University of Technology Mara Dr Juliana from the University of Technology Mara and Je ladies and gentlemen we would like to thank you for your knowledge sharing and the vast of knowledge of how to implement and experience the um carbon taxes for implementations in our countries such as Indonesia now I'd like to use this opportunity to to express my gratitude and congratulate everyone of you who have um contributed your utmost effort to making this um collaborative webinar such a successful one of course I would like to discuss with you the croch show role that carbon taxes can play a very important role to how we manage our future world therefore As We Gather here today I would like to highlight the vital connections between carbon Texas and several of these goals according to the sdgs was um established by the uh um United Nations in 2015 there are of course 17 goals and carbon taxes will be including the S uh sustainable um development goals number seven 11 and 13 of course uh we would like to make our fossil fuel energy to be very expensive so that we can use the renewable energy that we can um produce renewable energy for all the society and uh the goals of the sdg7 is Affordable and clean energy the SG 11 is sustainable cities and communities by reducing pollutions and greenhouse gas um emissions sdg number of course U sorry for 12 is for responsible consumption and production by incentivizing Energy Efficiency and cleaner production methods so that we can promote more sustainable consumptions patterns throughout society and finally for SGS number 13 of course that climate actions change and helping countries to meet their commitment under the Paris agreement we can take decisive steps towards safeguarding our planet for future Generations so in conclusions carbon taxes offer a promising Avenue for achieving the SGS and creating a more sustainable world as we work together as academics as Scholars as people from the universities we should collaborate that we remember the potential of these Innovative policies to drive positive chains and we develop ourself as chains of Agents of the chains University bayar Jakarta of course is collaborating with sever universities and um University of Technology marach chaang and Johor Malaysia is one of them so to join and develop collaborations in student exchange join webinars and Joint researches therefore I would like to extend my gratitude once again that we can develop our collaborations into a more fruitful collaborations in regards to all of this agenda mentioned before last but not least on behalf of Faculty of economics and business inanis banara Jak Rya we look forward to receiving more prospective sites and stronger joint collaboration with the University of Technology Mara cha Jo and I hope this webinar can contribute positive thoughts and values for parties for all parties through the spirits and beliefs that this webinar we participate in today will provide Mutual academic benefits thank you and congratulation to all of you who are participating in this webinar activities so this webinar activity is off officially open thank you very much thank you that's a successful webinar okay thank you very much uhing T finding MBA for the welcoming thank you very much and next we would like uh to invite Dr n has Z is she is a head faculty of business and Management Center of studies University technology Mara chaang Johor Malaysia to deliver the the opening speech Yes Miss n Hala time is yours thank you Dr Titi Madame chairperson uh might be I have to make a a little bit correction my name is nzila and norala is actually City norala Sor it's okay it's okay it's a common mistake actually okay uham and a very good morning uh especially to inspector uh General policy Prof Dr Dr bambang kaso director of kubar Jaya uh Dr dve uh P SAA ningas pen the dean of the faculty of economy and business ubaya Dr Amar manunda the wise dean of ubar jaaya also Dr tuti and also U uh sir AR too praso which is the wise Dean U of the faculty of economy and business ubar jaaya I believe and of course to all our district English speakers and all participants again assalamu alikum and a very good beautiful Sunday morning from Malaysia it is a very great pleasure actually alhamdulillah uh today we able to virtually meet uh especially with all the eminent speakers and also the guests from both countries Malaysia and Indonesia um so so I believe that uh all of us from different walks of lives and we are here uh to share the knowledge and also the V experience with everybody here so this is the first time I believe the first International seminar in the history of our collaboration uh between ubara J and also University technology Mara joho seat campus so we are very proud uh to announce that this seminar is actually being conducted along with the corporation uh under the mou between ubara jaaya and our faculty faculty of business and management u m Joo and I take the opportunity uh of course to thank the person in charge for the collaboration uh for this mou Mr Oswell for his efforts in materializing such a beautiful relationship between the two great universities buar jaaya and also U itm so when we talk about carbon um we experience each year human activ activities release more carbon dioxide into the atmosphere than the natural processes that can remove which is we know that it caused the amount of carbon dioxide in the atmosphere to increase so looking ahead the global warming consequences of carbon uh dioxide emissions have increasing potential to impact our health and economy while scientists all over the world predict that our emersion of carbon dioxide will cause further warm warming in the future and of course is actually at a increasing rate so by having this seminar with the team of the agency of carbon tax implementation this is I I I look it is as a serious commitment by both party and I believe this is a very good commitment in uh and efforts early efforts in protecting our environment therefore I hope that along the sharing we will learn uh from the various presentation of our outstanding speakers Prof Dr Dr Wilson bangun Prof Dr M sudarman Dr rosma RMA Haron which is our license officer and also the lecturer of accountancy and our beloved Dr Juliana from our department of economy faculty of business and management so I believe that uh the broad cover uh of this presentation related to carbon uh from fundamental research to educational applications we highlight the interaction and explaining the important of the implementation of the carbon tax in both countries so to students uh utilize this opportunity to expand your mental Horizon in protecting our environment I hope that today uh in this International seminar will inspires ideas and discussion around the ways that we can make our country a better place so lastly again a very hearty morning to everyone joining us today so I assure you that this seminar will prove to be fruitful and informative for all the members of participating again thank you ubara jaaya for uh this join International seminar for that thank you very much and assalamu allum thank you very much Dr Nila is uh I it's correct thank you thank you very thank you very much for uh the nice pit and um this is officially open our webinar okay okay ladies and gentlemen before we continue to the main session yeah let's have a documentation please activate your camera be ready on your screen so we can capture the picture slide by slide all right ready par one okay please M Mr finish okay thank you very much uh for nice and lovely documentation now let's continue to the main S I would like to invite our moderator Dr Amur marunda Dr Amur marunda is a lecturer at faculty of Economic and Business mauring let's see CI okay ah Mr Dr Amor marunda Dr Amor marunda is a AA m a CA he is oh experience if for like lecturer and also director director and uh commissioner is this uh nice C I think yeah okay we can continue continue the um yeah are you ready okay time is yours M am Mara okay thank you good morning to fellow happy wears let us start by thanking to Allah subhah wa ta'ala for providing and blessings of health and safety so that we can get together for this webinars we will talk about the agency of carbon tax implementations in this webinar and here I would like to introduce myself my name is and I will be we mod today um to all webinar participants let's get straight to the main event that we are most waiting for namely the delivery of the webinar materals and also the discussions and at the end of this there will also be question and answer sessions after that the center have finished all the materials webinar participants before entering the main EV here we would like to welcome you The Honorable guest speakers this C can you see the first uh honorable guest speakers Isa Professor Dr Wilson b s m he is from University of maranata the city yes we can see c yeah he is a professor of human resource management at Mar University and also there is so many certificate for a and it is not enough to read all the CV maybe we very very appreciate for Professor Dr there is so many so many uh experience from you and we need you to give us all the your knowledge uh experience and then the second uh honorable guest speakers Isa Anda dhasa s yeah he is from uh lawers practicians from H International mins Hong Kong Li we see from his City there is he is practi from one of multinational company interational company welcome to and then the six uh honorable guest speakers uh Dr Ross mati har she is from Unity of Technology maraam it is uh it is her CV she is DM in September 2008 as accounting Le and he has complete PD in fincial criminology at Unity of Tey sh this is CV and thank you uh Dr RTI harun yeah and Welcome to our webinars yeah and then the last honorable guest speakers IU Dr Juliana bti mamad Abdul Kadir she is from University of Technology Mara uh chaang Johor Malaysia yeah this is uh her C she senior lectures at UTM s sorry and then education doctor of philosophy from Malaysia Malay and then so many uh education background and there is so many publication or books okay thank you very much Dr julana Muhammad abdad Welcome to our webinars yeah Okay ladies and gentlemen all the webinar here we have four speakers in this International webinars and now it's time to hear from our speakers yeah papa Professor Dr Wilson bangun s MC he is a renowned expert on human resource management and of course he has so many Publications and sepal books he has has published several books and article on these subjects yes we know Professor Dr bangun yeah and we thank you you have joined to our webinar and uh Papa Prof D Dr Wilson bangun also a chairman of management science doctor program faculty of business marata Christian University uh okay Papa Prof Wilson you have 30 minutes to present your material uh please join me in welcoming Pro Dr Wilson sibun and now please time is your pro thank you okay thank you you have read my curriculum uh is carefully thanks to director of [Music] in especially I would like my thanks a lot to De panas BC MBA DN of Faculty of economic banar it has invited me as a speaker at this very prestigious International seminar best regard to my colleas at lecturers atas bayar Jakarta uh especially lecturers at faculty of Economic and Business and to the organizing Committee of the international seminar as well as all the attendees to my colleas uh lecturers at University technology Mara Malaysia uh UTM was invited me a speaker at uh International seminar July 2023 ago uh suaro thank you for giving me the opport opportunity to uh presentation my PowerPoint entitled human resource development in Indonesia uh I start my uh presentation uh what is development in general development can be un understood as a change in the direction of development in a certain aspect along the time due to the increasing needs of human will demand the development of technology so that humans will live the old ways of doing activities uh please uh my uh slide next slide next Slide the first slide uh okay uh development is the uh responsibility of various parties to create and implement it in accordance uh with their competencies and capabilities uh indeed development can be understood uh broadly depending on the perspective uh the economic perspective uh development as a physical reality as well as the uh determination of society to strive as hard as as uh possible through a series of combination of social economic and uh institutional processes to achieve uh better life development as a center of all aspect in the sustainability of uh countries development requires uh the inclusion of uh development from various aspect both physical and non-physical such as the construction of facilities infrastructure and the mentality of the implementers regarding the topic my uh PowerPoint I will explain about the concept of Economic Development and economic growth in general uh people misunderstand it about uh this two aspect Economic Development and economic growth uh some people say that economic development is the same as economic growth but others say differently based on the understanding of the two concept the concept of economic development is usually used for under developed countries while economic growth is used for developed countries to concept two concept between economic development and economic growth are inherent in the development of Human Resources next slide uh next slide in Indonesia population classified into labor form uh back slide back slide back slide uh indan population classified into labor force and non labor force uh the labor force are the population age 15 uh to uh 65 years old while non labor force at the population age uh uh 15 years to below and uh 65 years old above ass soate label force mean as a human resource Human Resources uh is the basic capital of a Nation World while physical capital and natural resources are only passive factor of production a country that does not uh develop uh the knowledge and expertise of its people and uh utilize them effici uh effectively in the development and management of the national economy uh the country will not be able to develop to develop human expertise and knowledge can be achieved through the formal education system economies that human resource uh there are knowledge and skill are the most important factor that uh determine economic growth character and speed of Social and economic uh development of a country human capital formation uh are the process of uh acquiring and uh increasing the number of people who have the skill education and experience that uh decisive for the economic and political development of a country this uh graphic show that uh labor force were uh 60. 74% while non labor force were 32 26% this mean that the number of Human Resources in Indonesia were 6 7.74 in 2019 while nonhuman resource were 32 26% non labor force population uh 15 years at to uh below were 26 uh. 22% while the force 65 years AG uh two above were 6.04% this data show that population growth is uh much greater than the number of uh retired uh people the data of the Indonesia Central Bureau and statistics show that the aate lifespan of the Indonesia population is 70 years thus uh the aage age of the Indonesia population after retirement is five years uh this situation so that the Cur factor is low in Indonesia next slide an according of Asian economic Community blueprint uh Del labor of classifed into skill labor and unskill Labor uh skill Labor uh is a workers who have the knowledge expertness or specialized skill of on formal education to have uh the senior high school graduate up to University are equalent to it uh while un skill laor the workforce with education of a junior high school to below who are uh employed in uh production activities this uh graphic show that in the duration 20 years uh there has been an increase in skill human resource workus is slowly in 2000 years the number of skill human resource was 21 uh z uh 9% in uh 2019 it increased to uh 35 95% in uh 209 years the number of unskilled human resource uh was uh 6409 05% uh the situation in Indonesia the number of unskilled Human Resources is much large than skill Human Resources these conditions saw that the quality of Indonesia human resource is lower than that of Singapore Malaysia and Thailand in Asian countries next slide next slide yeah a several important concept to consider when uh choosing human resource development or physical development uh the experience of under developed countries chooses physical development than human resource development this countries borrow money to fund infrastructure development most of this uh countries Veil to build infrastructure due to low human resources in contrast the uh developed countries generally uh choose human resource uh development availability of good Human Resources this our countries are successful in building infrastructure in Indonesia is uh currently focusing on human resource development to solve development problem in realizing Indonesian 2045 visan namely to become a developed country uh prosperous uh people Sovereign just and uh proper one of the government's program is to improve the quality of human life one of the government's program is to uh develop uh the human of resource president jooo spech at the majan Republic Indonesia anual session August 16 2018 emphasize uh that human resource development is an uh investment to F the nation future toward Advanced Indonesia human development is a very important issue a good quality of Human Resources is the basic capital of uh development the qualified uh Human Resources the economy of a region can uh develop optimally and uh be able to uh compet with other region both at the nation and Global levels starting in 2020 the government plans to no longer focus on infrastructure development but uh rather on human resources development this is done as an eort so that Indonesian human resources are able to compet with uh other countries especially in faing Industry 4.0 next slide this uh slide that there are three uh reference uh that can be used in human resource development there are human development index human capital index and uh Global human capital human development is a necessity for a nation because actually development is not only seen from physical achievement but also from the human point of uh view this is in life with the criteria developed by United National development program where development uh should not only by uh analyzed from economic growth but also must be understood from the uh perspective of uh development human development index is uh introduced by un DP in uh 1990 and published regularly in the annual human development report which explain how people can access development outcomes in term of uh income health and education uh this index will measure to quality of human life uh through measure of income health and education uh human capital index is a CI uh uh the measuring population uh productivity through indicator there are knowledge skill and health the human capital index aim to uh knowing the government policies of the country are to improve the C and education factors of its population so that they have the potential to become the uh Workforce in the future uh this indicator is used as a parameter to see the quality of human resources in a country to uh produce economically quality human resource will uh contribute to the economic development of a particular country uh then uh Global human capital they popularized by what volum economic human capital consists of the knowledge skill and health that human accumulate uh throughout their life enabling uh them to realize uh their potential as a productive members of societ uh weaken and uh extreme poverty and create more inclusive societies by developing human capital this requires investing in uh people through uh nutrition uh Heth education job and skill next slide next slide so that uh human resource development is the process of improving uh the ability to increase the work productivity as a a contribution to the prosperity uh work ability is measured uh through knowledge and skill uh the work quality is knowing through work ability for improving of work quality a country could do through improving uh number of skilled Human Resources is through uh improving of uh education aspect uh the graphic yeah so that uh there is in increase in Indonesia uh human development index 66 uh 5 53% into uh 20 10 to uh 71. 92 in 20 uh 19 uh this uh increase is slowly of course uh Indonesia should be proud uh considering uh considering uh that the human development index Trend continues to increase year on Year from uh 2010 to uh 2019 no human development index Indonesia has been in the high SDI category human development index category uh that mean uh uh Indonesia same is same with Malaysia and Thailand then uh Indonesia human capital index uh values of uh 0 uh 53 this means that Indonesia born until the AG of 18 years old uh later can only rise uh 53% of their total maximum productivity potential uh this uh figure show that Indonesia is uh rank uh 87 of uh 50 the seven countries or number six in asan this condition so that investment in human resources in Indonesia has been uh weakening in uh recent years Indonesia must improve its uh education and health aspect so that it can uh catch up with uh other countries in the world especially uh sou is Asia therefore Indonesia must uh increase investment in education and health next slide next slide next slide next slide next slide uh uh next slide uh back back slide next slide uh next slide okay uh the increase important of the role of Human Resources back slide uh in development in development requires increase investment to improve the quality of Indonesia Human Resources resources one of Indonesia development mission is the development of Human Resources therefore the Indonesia okay okay uh ah okay okay okay this slide next slide next slide next slide H okay okay okay global global yeah next slide Global yeah okay okay next slide next slide one of Indonesia development mission is the development of human resource therefore the Indonesia government must prepare for the development of and early otherwise Indonesia will like behind other countries in the world and Asian uh next slide next slide okay Global uh Capital human capital Global human capital uh Indonesian human resources are not uh match by an increase in education or skills destitution is also uh accompained by people who do not have the ability to keep up uh with all digital technology development in the industrial era 4.0 uh in the global human capital uh index Indonesia is rank 65 out of uh3 countries similar to the World Bank version Indonesian position is worse uh than uh the five Asian countries and better than the other three Asian countries uh the difference is the world economic Forum uh version Place Indonesia higher than Brazil which is one of the uh uh bright member countries thank you uh thank you Dr Wilson B SM for your Insight insightful presentations the quality and productivity of human resource should be supported by knowledge skill and Els which have an impact on the quality of human life income health and education then at the end we improve human development human capital and Global human capital we are sure our audience uh has learned a lot of from you today thank you very much thank you very much for your knowledge you you you share out your knowledge and experience uh we would like uh thank you very from ofan Professor Dr wison B and hopefully we will meet offline B and Jakarta is close is it right thank you very much Pro okay uh all the webinar partici Now we move to the second speaker he is an at uh for legal practioner practitioners and works for huo international mining Hong Kong limit he is IM and S M okay you have 30 minutes to present your material and now this time is yours yeah okay uh thank you P can I show my material okay wait a minute please uh let me share screen the material [Music] one share screen I have difficulty to share screen my material maybe can be help ah okay okay okay okay uh first first of all I would like to thank you for for the pro pro Bango as director uh Dr d ppan f as the D of uh F economy and the chief executive Dr suar and of course the honorable speaker Prof Dr drers wison bangun from Maran University and the others honorable speakers Dr rosmawati and Dr Mayu from the University technology Mara Malaysia uh I'm eager here to learn more from the all of you and of course the all of the particip participant my friend at the banara Jak ARA University and Mara technology University uh this presentation schedule actually should be fil by Prof M sudarma my father but uh unfortunately he was unable to do so so me my andika I would like to try to share my knowledge as practitioner in the word of clean and green energy okay maybe we can next yeah uh hello everybody my name is uh M andika you can call me andika or it's okay uh actually I hold the the degree in The Bachelor of economic also in accounting uh because uh as we know my father is Professor in accounting but uh my f my mother also asked me to do the degree in law so uh I graduated in the economy and account and now I'm focusing in the uh in the law as the corporate commercial law and that's why I took my master degree in Indonesia university as the Magister notariat and others specializ my past and current experience I'm start in the K uh and BNI almost 10 years yeah I spent my experience in the Indonesian Sue and now I'm joined the hwu Cobalt uh in the green and clean energy this one is the actually uh project strategies National yeah from Indonesia and the China because we are we do the joint venture Indonesia to build the EV industry uh if indust Indonesia but maybe in the future uh I would like to back to the Sue Indonesia uh okay next okay previously I would like to sharing about the road map of for those stream Strategic investment why we should aware for this one because very easy each business entity right now needs energy to produce or deliver the goods but on the contrary of course uh energy production will sometime also produce carbon and this material is about the tax carbon is so related okay next ah uh actually our company is the part of a project strategic National PSN by P jooi and right now we will support to build the D strength Strategic investment this material is prepared by Minister investment Indonesia as we know based on this data Indonesia is inviting foreign investor to invest Indonesia especially in the projected investment with total investment required almost 5 545 billions US dollar this is such a big number yeah uh especially in the mineral coal oil and gas and Plantation but uh we will focus about the our industry my industry especially in the mineral and coal okay next okay this one is the distribution map which has the potential the dam industry is quite popular right now uh as we know because uh this one is will produce alternative energy or uh clean and green energy and Indonesia have a lot potential uh to to collaborate with the foreign investor who have the technology who have the knowledge and we have the raw material to join uh venture to incre is the value of the raw material okay next uh this one is about the rock map of Ni D stream industry the Nickel Nickel D stream industry have the target uh to build uh the industry to become the five lest EV battery producer and the second largest standard steel producer okay we can next we can read it later uh I think this is yeah minimize maybe minimize to make it okay okay uh this is quite interesting why because we can see about the the multiple uh increasing value from the r material which is only previously we only export the raw material to the for in uh right now we want to build all the the producer from the downstream to the Upstream to to increasing the value from a one one one times into maximum 60 67 yeah 67 times uh in the uh in the in my industry we usually looking for the lit ORS or Sait or as the raw material to production uh finish Goods S as like the battery this is value will increase up to 67 times the increase the value is the will certainly open up to many opportunities in Indonesia such as the increasing the tax revenue of course for the government opening new jobs of course for the fresh graduate and the transferring the technology and the knowledge uh all for the Indonesian okay next uh this one is the the reserve here the reserve and Global value chain uh nickel especially as we know the Indonesia is the largest country in the world of nickel Reserve almost 20 21 million tons okay next yeah this is me uh right now I'm working as the Indonesian uh leader for the Indonesian perspective legal council uh actually the huu is the globaly uh that has been operating in the several countries and Indonesia in the future will become the largest hub for development for E industry why because uh my company already invest almost 30 20 30,000 3,000 uh 30 320 ,000 trillions rupia and will be increased in the future uh in the company uh I specializing for the Maj and acquisition and business setup and so on so on Etc next uh uh this one maybe we can uh understand how the battery or electric car uh producer and we we have the integrated industrial ch chain from the ra material and going to the smelter and going to the precursor coded material and at the end we will have the lithium battery distribute to the global market electrical right now we already have the coroporation like the Tesla or the N4 so the Tesla and4 they don't have the uh uh necessaria or eort to build the industry Indonesia why because they only need the lithium battery and after that um they they can focusing to produce the electric car this one the reason why the uh Indonesian will be will be stronger because uh we have the nickel reserve and we have the growing battery industry in the future okay next and also investment opportunity and Regulatory challeng okay uh we going to the carbon tax from the business perspective why this one is quite important for us maybe we can uh see in the two different two different SE here the first one about the theorical and the research that I looking in the in the established country like the US Europe and Indonesia uh so on will be implement this the carbon tax from business perspective uh the legitimacy companies are required to comply with all applicable regulation including the carbon tax and also the stakeholder actually will push uh company to follow the regulation to make stakeholder more trusting uh as we know previously I I told if the the global company s the Ford F Tesla all of them is uh bonding to compliance about the the ESG uh environment social and governments is including the carbon tax that's why that's why the the the business perspective will will conduct the carbon tax in the company but for the companies there is any dilemma because uh in the US uh the Dilemma uh to whether or not carbon disclosure can provide future economic benefit especially considering the that carbon disclosure can actually increase the tax burden for the companies and uh there is any research in the in the in the in the established country the the Creditor investor might not view the carbon disclosure positively why because the there is any negative reaction the impact such as the Aly can harm the company Equity failure uh and reputation and also in the as as the implementing carbon disclosure policies can result in the short-term shareholder loses this policy is quite new in the developing country like Indonesia and generating public interest okay next and second we will looking the carbon tax from the investor perspective previously we looking for the business perspective right now we looking for the investor perspective uh uh we do the small research in the in the in the established country in the US because uh it's already uh established about the carbon tax the implementation of [Music] thew is is considering um Mark a significant step to the government toward reducing the carbon emission this law focus on regulating the technical aspect of the carbon tax and related measure as a result of this development investor have shown increased interest to obtaining information regarding carbon and its disclosure the the impact of this event can be observed in the fluctuation of the return during the relevant time period uh as we know based on the research in the glob uh established country uh the investor is uh volatile quite volatile about the the the the the carbon tax uh imple implemented by the the Eman by the Aman or the company who already have the uh IPO in the uh Capital Market but Indonesia is not sure because uh as we know the Indonesia investor is quite sensitive here but the the the news or maybe the new regulation that's implemented by the IM okay next so we also want want to learn what is the carbon text Bas my uh short perspective the carbon Tex is the nature are a fine penalty royalty P by the company for any remaining excess of the carbon limit or kept after Trading and offsetting carbon emission as such the provision of the carbon tax is recognized under PSA 57 Provisions contingent liabilities and contingent assets a carbon tax is a tax that arise from the amount of carbon dioxides a company produces this is quite compan uh because like my uh current company when we also produce the the the battery or the cical we also will will monitor we'll monitor about the s s s s EG and the the Implement about the environmental also okay next yeah this one also the small resarch but the history of the carbon tax as we know uh Indonesia Indonesia in the P one the qu2 protocol agre agreed up by 160 countries in the 97 marked a significant commitment by Indonesia also to reduce the carbon emission the implementation of the carbon tax Indonesia as well as regulated in by the Q2 protocol has faced challenge due to political and economic issues however uh recent development such as the pacing of the H law demonstrate a firm step by government toward reducing the carbon emission and the H focus on the technical implementation of the carbon tax and its derivative and as we know the right now is already having the P two presidential regulation uh about the on national action plan to reducing greenhouse gas emission and the pastry the compan should be concerned to the environmental truth the carbon tax can improve the company image from the stakeholder perspective and uh also my company uh because uh we are the clean clean and green energy uh produ producer we will also conduct the the regulation okay next okay maybe we can next in the next uh and then uh the implementation about the carbon tax of course will be have the pro and cons uh the first implementing uh environmental taxation has the potential to create incentive for various economic sectors particularly such like the power plant to reduce the carbon emission and second the company needs to bring in competence parties to calculate the faue of the carbon produce this is a cost incur by the company this is a open new opportunity of course by all this particip participant or in the future who have the expertise or competence to about the carbon or tax carbon will be needed by the company to to calculate the the carbon or monitor the carbon uh produced by the company and the third the company should be concerned about the environment to the carbon tax can improve the company image from the stakeholder perspective and the last of course uh the carbon tax require companies to disclose carbon emission this leads to fa speculation if not discloses disclos sure it also a risk for the company and of course the the the big names companies like the Ford F and of course U will also uh make it as the the big concern here we we we to comply all of the regulation will be regulated by Indonesian government okay that's why uh we we we will if the tax car will be implemented in the future we evenly we have the pro and cons we will also the the to comply and conduct the regulation in the company because uh this this one is will be give the more benefit the Indonesian government and the the and the and the Green community in the future okay next next slide Maybe okay this is quite interesting uh so how do company solve this problem when the tax implemented it uh in the future the first one uh the the carbon tax of course is a joint effort here to reduce emission so companies must support the government program this is should be the joint effort between the all of the business entity in Indonesia and the government also and maybe under uh envirment Al social environmental to to monitor to INF about the the the the carbon tax and the P two the carbon tax is Carri out as a administrative effort by the companies because it's acute cost of course the the company will be accounting again about the benefit it's not only about benefit or the profit oriented but we also about the carbon tax is also to support about the reduce carbon emission and the clean and green energy in the future and past three the company concerned from the environment truth the carbon tax can improve the company image from the stakeholder perspective this is the same because uh we uh the the image uh the or the reputation of the company is uh have the the big the big big number big number of the big failure as we know there is any any case here about the one of the big names company uh company cars in the Europe uh as um they already manipulate about the emission that produced by the car and they now facing the dispute yeah dispute legal dispute or dispute and finds almost a very big Amon this is could be could be uh problem in the future that's why uh right now the big names of the company will be conduct and uh follow the regulation about the uh this carbon tax and uh Affiliates okay next okay uh at the end about the conclusion of this uh conference for us the carbon tax is something new for companies of course it is good for the comp's good but it does not always work well from the company's perspective it's always have the pro and cons of course uh and companies are faced with a dilemma between the cause and the future benefit uh many studies in developed countries such as in the UK and US show that companies that disclos carbon have a negative impact on their S price of course because uh red know my my current company who you already have uh public company uh IPO in the Capital Market in the two Global Market uh so this become a spirit assessment for the company on the assistent of the carbon tax one things is for sure the tax will provide additional cost for the company but uh and other hand of course it will be uh give the strong from the Indonesian government to to reduce the gas emission and the protect about the green uh ecosystem and Community okay next this one uh our recommendation the first about the tax in tax incentive of course uh the company will continue to support the policies Carri out by the government it is good for the policy maker to also provide reward for the company compliance with the polic policies implemented one of the reward given can be in the form of incentive and the second more comprehensive policies this one is about reducing carbon emission is indeed a common issue it is a good suggestion for government to focus not only on the penalties taxes but also on other policies so that companies can reduce carbon emission without paying penalties this mean uh we need the the participate of the Indonesian government also to to co-creation about the the reduce uh reduce uh carbon not only for the uh giving the penalties okay next yeah this is what this one is uh for the several reference about and also the carbon risk carbon tax and uh uh the you can search more in the this reference okay next okay that's all uh thank you for your time and your attention that's all for the my presentation and maybe we can connect uh you can search my Linkin also in this andika pra.com and uh we can discuss further about about the career opportunity clean and greeny and others thank you back to the uh moderator okay thank you for your insightful presentations um we highlight the point from you regarding carbon tax that almost all companies are faced with a dilemma between the cost and the future benefits because the TX will provide additional cost for the company so this needs a separate assessment for company of the existence of carbon and we assure our audience has learns a lot of from you today thank you very much for your times and for your knowledge and experience thank you IM uh Now we move to the CH speakers she is from University of Technology Mara Shah Alam sangor Malaysia and of course she also has published several books article and publication on her subjects she is uh Mrs rosmawati Haron PSD okay Miss Haron you have 30 minutes to present your material and now this time is yours think MTI please unmute your speaker miss rosmawati you still unmute okay I'm sorry okay I hope uh there's a I'm sorry because of there's technical issue there because uh just now I cannot unmute myself so first of all thank you for the invitation for this webinar uh greetings to I'm sorry greetings to the Inspector General policy Professor Dr bangang Caron uor and then Dean for the faculty Dr deas uh Dr Amore Dr tuti then B AR okay thank you very much uh for the in and other honorable speakers for the invitation here I would like to um to share my knowledge actually in in the carbon tax in Malaysia I am not an expert and I guess I can um cut short my presentation because Papa andika already cover half of my slides so um by the way so can we share the next slide please so we shall begin now thank you okay okay so um firstly let's see what uh carbon pricing is carbon pricing aims to financially incentivize emits to reduce their greenhouse gas emission through two main mechanism First cbon Tax and secondly emissions trading the carbon tax is actually a tax levied on the carbon emission that are required to produce goods and services carbon tax is intended to make visible the hidden social cost of carbon emission which are otherwise felt only in the indirect ways like more severe weather events in this way they are imposed to reduce greenhouse gas emission by increasing prices of the fossil fuel that emitted when burn can we share the next uh slide please thank you on the other hand the emission trading system or ETS we call also called as C and trade system it locates each emitter with an emissions allowance if an emitter let's say emitter a produce more emissions than its allowance and another emitter for example emitter B produces less emission than its allowance a can buy emit B unus allowance to compensate for Emit A's emission which exceeded its allowance according to 2022 World Bank report there are 68 carbon pricing instrument including carbon taxes and ETS in oper which collectively cover about 23% of global total Global greenhouse gas or ghg emissions carbon price internalizes the cost of greenhouse gas emission associated with business activity by assigning a monetary value to each t t emitted by doing so it will send a price signal to business which can be factored into investment division incentivizing the transitions from emission incentive to low carbon alternative our chairman of Busa Malaysia country weit in his keynote recently heal carbon pricing as an effective method to reduce emission and encourage green investment he also highlighted the importance of the private sector to include climate friendly policies that are reflective to the National sustainability targets they are likely he said to re to result in direct operational cost-saving as business take aggressive steps to reduce emission by optimizing resources so in elaborating on views around the world s May link the country operating officer of World Bank stated that 45 countries which are working with the World Bank have applied carbon pricing as part of their climate mitigation tool including seven of our neighboring Asia Pacific countries she elaborated that carbon pricing is seen as one of the most economical efficient climate policy action it shifts the burden of responsibility to the polluter pay principle by putting a price to carbon pollution will definitely bring down emission driving investments into cleaner options this will bring the government and private sector to both play their parts next next slide please so what is the situation like in Southeast Asia southeast Asia attention to climate change has traditional Trail Beyond major developed countries but this region has in recent years started to prioritize DEC commonization this is driven by greater scientific consensus that southeast Asia is particularly vulnerable to the impact of climate change including physical risk such as rise in sea levels as well as more frequent and intense extreme conditions including Cyclones Flats drops and heat waves so let's see what we got here for Singapore um Singapore is actually the first Asian country to implement a carbon tax the tax applies to the scope one Omission sorry emission of all companies that admit at least 25,000 ton of carbon dioxide of greenhouse gas emission annually starting from 3.70 USD per 10 in 2019 while this Quantum is relatively low compared to European jurisdiction such as France um which is 4930 USD per ton it is comparable to other Asian jurisdiction such as Japan 2.40 USD per time furthermore the Singapore carbon tax will progressively increase about 37 to 60 USD by 2030 the higher tax rate trajectory provides a clear price signal for businesses to reduce their carbon footprint while the early announcement gives a greater certainty to help business plan their investment in decarbonization strategies and Technologies notably the Singapore government has implemented Financial IAL scheme to support a business decarbonization efforts and increase competitiveness Singapore carbon tax currently direct applies to about 50 facilities from the Manu manufacturing power waste water sectors which accounts for 80% of its total ghg emissions this makes Singapore carbon tax coverage in term of share of the comp the country total ghg emissions one of the highest in the world higher than Japan around 75% coverage and France Which is less than 40% coverage starting from 2024 Singapore will also allow companies to purchase high quality International carbon credits to offset up to 5% of their flexible emission Singapore has two International carbon exchange which enabl the voluntary trading of carbon credits so let's talk about Indonesia under its tax regulation harmonization law in 2021 Indonesia the world's top coal producer had originally intended to implement a class carbon from April 2022 which would have charged 2.10 USD per ton on Co plants the higher commodity prices arises arising from the war in Ukraine cause an indefinite delay in the tax introduction the indo nation government remains fully committed to its implementation as what have mentioned by um uh Papa andika previously in February 2023 uh Indonesia announced since the launch uh of mandatory intensity based emission trading system for its power generation sector set to be implemented in three phases the first phases which is uh from 2023 to 2024 will cover coal plants whose production capacities exceed 100 megawatt accounting for 81% of Indonesia power generation capacity the subsequent phase from uh 2025 to 2030 will expand the ETS coverage into oil and gas plants as well as other coal plant that are not connected to the National GRE so let's have a look for Malaysia Thailand and Vietnam Thailand Vietnam and Malaysia have not adopted carbon pricing but changes may be on the horizon Malaysia and Thailand are considering putting ETS into effect and have already established voluntary carbon exchange both countries are also looking into implementing a carbon PEX although specific details have not been announced Vietnam's revised law on Environmental Protection which took effect in January 2022 legalize the establishment of a carbon Market it aims to officially uh operate a carbon credit trading flaw by 2028 by which time uh business that cannot reduce their carbon emission will have to either purchase carbon credits or face administrative fines so how does carbon pricing affect the business next slide please so why we must embrace B Green Revolution okay so in 2019 2019 the world greenhouse gas emission hit a record high of 49.76 billion ton putting us on the collusion cost with a climate disaster unfortunately nature can only absorb a fraction of this emission about 9 billion ton of carbon dioxide anually which means that we need to take urgent action to reduce our carbon fruit PR the excessive release of ghgs particularly carbon dioxide track heat in the atmosphere and contributes to the rising Global temperature which have already increased by one degree if we continue with business as usual we we could face a catastrophic of 2% temperature rise that could be irreversible causing widespread damage and loss therefore many advanced economies have already adopted aggressive emission targets and implemented carbon carbon pricing mechanism like the carbon tax the ETS or both the Eur European commission has also introduced the carbon border adjustment mechanism cabm which will take effect in 2023 to prevent carbon leakage and mitigate carbon emissions Beyond The Border this will make products from foreign countries without carbon pricing governance becomes uncompetitive driving importers to sell to to Source goods from countries that do have the governance the cabm currently covers product like cement Iron and Steel aluminium fertilizers organic chemicals plastic electricity um hydrogens and ammonia initiatives to reduced carbon must be across the board to ensure the sustainability of the business and stay current with the global Trend consumers in the modern days prefer green perceived brand as a choice and the way of living countries and companies that adopt carbon pricing and reduce carbon dioxide emission will have a competitive age in global trade which can help them become part of the low carbon value chain investors and stakeholders alike are increasingly prizing ESG and businesses that embrace it um uh and businesses that can embrace it can uh gain a competitive age Asian countries Malaysia in particular should cease this opportunity to become the preferred partner vendor or supplier of larger players both locally and abroad next slide please so next next slide sorry next slide all right so how's Malaysia Malaysia towards Green Revolution in Malaysia the government has made an ambitious commitment to to reduce the intensity of carbon emission notably a 40% reduction compared to 2005 level by 2020 and a 45% reduction compared to 2025 level by 2030 as with other developing countries the challenge is to decarbonize an energy cented economy in the facee of postco 19 in energy demand population growth pressure and entran fossil fuel Reliant Energy ecosystem Malaysia has taken serious measure to combat ghg emission through a pledge to the international committee as part of the national determin contribution pledge in treaty Conference of parties ocop 26 and re airm in cop 27 the Malaysian government has committed to be Net Zero emission by 2050 and reduce carbon dioxide intensity against GDP by 45% by 2030 with carbon pricing Malaysia can steer its economy towards a path of carbon neutral growth improving resource efficiency stimulating investment in clean energy and lowering emission Malaysia recently launched its first voluntary carbon Market platform where companies can offset their carbon emission and stay competitive in the global market this initiative is part of Malaysia's effort to achieve its 2030 and 2050 carbon reduction targets the Commonwealth secretary 2021 report revealed that Malaysia had 3.38 billion ring worth of cbam related export to the EU in 2019 with steel and steel aluminium fertilizer and seing Cen being the most significant contributors as the list of products subject to cbam expense the race to Malaysia export will increase according to the study by the University College London UCL Institute for sustainable resources Malaysia may lose tra worth over 112 billion ring to European countries if its exporters fail to produce Goods with greater GG efficiency therefore it is essential for Malayan manuf manfacturers to adapt to the changing market conditions to remain competitive and sustainability so that's the importance of why Malaysia needs to toward needs to move towards Green Revolution so implementing a carbon tax and ETS is crucial for Malaysian govern producers to remain globally competitive and the launch of the vcm by bua Malaysia is the step in the right direction however there is still a need for ETS and carbon tax which are already line in palan col and Alamar Malaysia 2020 to 202030 Malaysia manufacturers must prepare for this wave as it benefits both the business and the environment so next slide please Malaysia is still work in the progress Malaysia once is one of the top carbon dioxide emets in the Asian region with a total of 20 220 million ton of carbon dioxide released in 2019 Malaysia and other development countries have contributed approximate 39 to 47 sorry 39 to 47% of the world's greenhouse gas emission leading to increased Global air temperature Upper Oceanic warming pollution degradation of resources such as air water and soil in combating the climate change issue Malaysia has signed both the Kyoto and Paris agreement in 1997 and 2015 respectively even though implementing a carbon tax can be challenging in developing countries like Malaysia as it requires a delicate balance between economic development um Environmental Protection Society equity and poverty reduction one important step that has been taken by Malaysian government is to review and rational rationalize fossil fuel subsidies which can help create a More Level Playing Field for sustainable energy sources for your information Malaysia's economy remains dependent on fossil fuels particularly coal and natural gas for electricity generation which accounts for 75% of national emission renewable energy use is still minimal with solar biomass biog gas contributing only 4.4% of total electrical capacity and just 1.1% of electricity generated in 2019 the latest year for which official statistics are available while the government has hinted at the introduction of carbon tax for several years it continues to subsidize carbon emission through its petrol subsidies through maida Malaysia development um Development Authority investment Development Authority uh maida has recognize the significance of reducing carbon emission and in and providing and is providing a various intensive under maida ESG initiative to promote economic activities Rel related to decarbonization Circular economy Energy Efficiency and um conservation as compared to neighboring countries like Thailand Indonesia and Singapore the development of carbon policy in Malaysia is lower um mainly due to the political and economic instability the abolition of the threeyear old GST shows how a feasible tax policy has successfully increased Malaysian incomes was politicized and created public resistance the GST Evolution was one of the opposition's manifesto commitment that warn people's vote and resulted in the country being the first to reintroduce the SST after the collapse of more than six Decades of rule by Baran National the new opposition Coalition parties pakatan haran followed by um sorry followed uh after pakatan patan National they are very careful in making tax policy changes while the current government may have planned to implement the carbon pricing policy the development may be further slowed down due the coid 19 pandemic the pandemic has forced many companies to shut down permanently which caused a high unemployment rate and poverty besid significant healthc care spending the Malaysian government has allocated 45 billion as approximately um sorry has allocated um 45 billion ring for a coid 19 fund for the several socio economic packages including the economic stimulus package a food security program cash assistance to the public and subsidies for small and medium Enterprise although Malaysia income is projected to increase by 4% um from 227 billion in 20 2020 to 200 and 36 billion in 2021 the target may not be achieved because of slow global economic progress in 2021 um the Malaysian prime minister assertively announced that the carbon tax is included in the 12 am Malayan plan for 2021 and 2025 so a fixed CH charge will be imposed on the carbon content um of fossil FS fuel which forces energy and fuel providers to increase price to date however the government has yet to announce the carbon tax framework little is known about the tax base tax rate tax administration and the use of the revenue the new tax policy also raises the question of how how a carbon tax should be implemented Amit the coid 19 economic crisis post I mean post economic crisis not only to reduce the grand Greenhouse emission but also to recover from the economic downturn so in conclusion next next slide please undoubtly as a a developing country implementing carbon pricing policy in in Malaysia is more challenging than in developed countries due to limited administrative capacity social and social inequality furthermore people in developing countries generally have more moderate environmental Behavior the carbon P pricing implementation requires concerted effort from all Ministries business and the public the hope is that environmental production will not be politicized but rather become instill as a national agenda and a shed value among the public while a carbon tax might serve as a useful deterrent to companies to inhibit pollution this that still is only half the battle in the long run the Green Revolution will require invest Investments Across The Innovation change with that I thank you thank you Dr for your insightful presentations we highlight the point from you that the carbon pricing developments will have Financial implication in business uh operating in Southeast Asia while carbon tax and ETS policy will avoid carbon leak where carbon intensive industry relocate to countries that do not impose carbon prices then try and C your servants to become carbon pricing experts inform the public on the import of policy implementation towards the Nationals and Global Climate agenda yeah drti harun we are sure our have learned a lot from you today and we would like to thanks for your times than hopefully we are always in health conditions thank you IU Dr okay uh for the webinar partici participants today I think uh we need uh to hear the next the last speakers and then I think the audience is still in about listening to the last speakers she is uh Dr Juliana bti muhamad Abdul Kadir she is from Unity technology Mara cha B sorrya Johor Malaysia uh she is also an expert on climate change and green economy uh Dr julana uh has several published books and article on this subject HEB Dr Juliana B Muhammad K you have 30 minutes to present your material uh and now please time is yours Alum okay uh Inspector General policy do Bangor Dr Davy de of Faculty of business uh faculty of Economic and Business Dr haila is head of Faculty of business and management Fromm Jo Dr Dr uh sir andrio and sorry for the and honorable speakers and all participants today uh I'm Juliana Muhammad abdad from uipm Joo um from U Joo economics Department faculty of business and management okay um my topic um my topic today is related to the Caron carbon emissions if you can see here carbon emissions sustainable economy and biodiversity conservations the seminar today focus on the um serious and important issues of the carbon tax the urgency of the carbon tax implementation tax as we know is um uh policy that uh Implement by a government uh that impos to the person or parties uh uh for the for their revenue for the revenue generation to the nation development and also operating purposes but for the carbon TX uh is a very specific TX which is uh actually impose to the parties um Industries or companies that creats the emissions or externalities so that is a punishment to them so the topic today discuss the carbon emissions sustainable economy and biodiversity conservation which is uh which um interconnected uh and critical aspects of the uh of addressing environmental and also Social Challenges to start the discussion uh we need to know what is a carbon emission is actually uh what is referred to okay the first aspect is the carbon emission is actually uh the release of the carbon dioxide CO2 and other ghg uh Greenhouse uh greenhouse gases into the atmosphere it um resulted from the human activities uh such as uh burning for fure uh for the energy from the transportation and also resulted from the industrial purposes and also from the deforestations um if look at the picture here it can see that the human activities uh daily activities where they are cooking and heating which is can release a CO2 at the atmosphere but a very maybe a very limited uh effect and also it can be seen here is uh the emissions come from the industrial uh or factories that release the CO2 and from the Transportation here which is from the uh Road Transport either old vehicles or Lowes and so on and ship or Marin emission and also air uh emissions okay uh if you look at the graph here it shows the total us greenhouse gas emissions by economic sectors in 2021 the most contributed to the c or carbon emission is a is come from the Transportation sector which is 28% followed by electric power and Industry and also commercial residential and agriculture um three uh sectors here the first three sectors here are contributed almost 78% to the emissions which is very large uh contributed to the emission release okay the graph here shows the increasing trend of the co uh carbon emissions carbon emissions uh which increasing which in increasing uh in Trend and the second graph uh shows the uh contributor the the country contributors to the CO2 emissions by uh is leading by China uh by showing the rapidly increasing uh currently followed by us U sorry us uh uh EU and also India okay so from the uh gra of from the picture here the down one here is a CO2 emission that we can see uh we can see uh generated by a factory or industrial area that uh slowly will deplete the oen layer and it also will affect the global warming and slowly affect the climate change of the uh um nations of the global uh in the global uh climate change um the the global warming and climate change is actually where uh impacts uh the weather sea level rise and also disruptions or disrupt the ecos system based on the effect that uh we seen previously um is it a global um a global agenda that required by all the nations um to uh to implement a holistic approach to integrate uh environment uh economic and social considerations okay uh so reducing carbon emission is a critical Global priority to combat the climate change to limit its potential devastating impacts on ecosystem economies and communities for and also to reduce the loss of biodiversity from the picture we can see the effect the effects of uh that's come from the CO2 emissions uh that we can see here is Dage uh corus rising sea levels and give a high temperatures and also um changes in animal Migration and life circle that refers to the biodivers biodiversity okay the second aspects of the discussion is the economic sustainability economic sustainability which focus on the enhancing the enhan ing the long-term wellbeing the long-term wellbeing of a society uh by managing economic activities uh that considers the environment uh social and also economic factors for the future sustainability uh it's actually uh the the economic sustainability runs uh does not deete the natural resources and also uh not to harm the environment the activities to uh not harm the environment and also compr the future generation ability to meet their needs um the picture shows here is a recycling attitude um that can be considered by us uh to achieve economic sustainability and to protect the environment such as here we can see that it use EV Vehicles solar energy which is a a renewable renewable energy and also um is use uh we we recycle the plastic use um biodegradable um back and so on Okay the third aspect uh of the discussion is referred to the biodiversity conservations um which is um very important nowadays because it's refer is is actually referred to the variety of life on Earth uh including different uh species of plants animal and mro organism as well as the ecosystem they form is actually um consist of the most of the ecosystem uh in a in our nature so the conservations for the biodiversity is involve a thought to protect and preserve them uh from uh being um from harm them and uh the biodiversity is actually is very important to because it can uh it it it is the as of the uh clean uh a water pollinations of crop and time okay so um moving towards the the three aspect that have uh explain earlier the carbon emissions um economic sustainability and also biodiversity conservation here is a interconnection between these three concepts okay so uh what's uh the relationship between climate change and biodiversity this shows a negative relationship because climate change is negative aspect which is Extreme uh it can give a extreme and uh which uh in can disrup the habitat and treat the survival of various species and disrup ecosystem uh the second one is a relationship between economic sustainability and carbon emission which is economic sustainability we know that is the economic activities that not harm the environment and how is how uh is related to the compation so with the implementations of the economic sustainability activities the government or the nation can investing in the renewable en energy sources use energy uh efficiency concept and sustainable agriculture which will reduce CO2 de to the supp clate are not en of the relationship is between how we relate the economic sustainability and also bi diversity conservation uh which is so very important uh nowadays uh as a sustainable uh land use planning is referred to the biodiversity how we plan how we manage the land uh our Resources management and valuing ecosystem service that contribute to s uh sustainability moving toward um the next uh criteria or the next um what we call the next issues is about um carbon emissions econom sustainability and biodiversity conservation in Asia okay um Asia has has a rapid uh growing populations industrialization no diverse ecosystem so uh how about the carbon emission in Asia what's the issue we know that Asia is a major contributor to Global carbon emission is a large and growing economies such as China and India heavily R and cor for energy Productions we have urbanization ation uh increase use of Transportation because of storage uh use and so this relate or resulted to the Caron many Asian countries are vulnerable to the impacts of climate change which is as we discussed ear will increase the C World extreme R event so disruption to the the second is how about the economic sustainability in the region economic activities has often come at the cost at the cost of natural resource dep dep uh environmental degradation that affected the soci promoting uh economic sustainability in Asia is very important uh that we can transition transitioning to more resource efficienc and also environmentally uh friendly production and consumption meod it also includes investing in Green Technology and sustainable infrastructure uh moving toward the thir uh which is a bi conservation in Asia which is um is Asia is a incredibly incredibly diverse in term of ecosystem and species because of we are tropical rainforest we have a tropical rainforest for re and unit life and we are surrounded with oceans Indian oceans and however many of these ecosystem are threaten by habitate loss pollution over exploitation illegal Wildlife so aim to protect aim to protect this envirment natural resources uh that need to promote sustainability land use and resource management practices from Asia countries um we are the discussion proced to the to expand the specific issues in Indonesia Andia so how about carbon emission in Indonesia Indonesia is one of the most largest em sorry of the greenhouse emission of the greenhouse gas emissions uh because of this forestation because of a large uh country that that you have and land use changes and emissions from energy and industri of course so these forestations particularly from and paper industry that lead to that emission how about carbon Indonesia so same uh like Malia we are implementing we are we are introducing with our carbon but not implenting yet if I'm not mistaken and please correct me if I'm not it's not correct okay but Indonesia has explor various strategies to address emissions and also uh the concerns toward the parish everywhere so based on the Malaysia issue uh the carbon emission Malia uh we know that the Malaysia is also uh facing challenges with govern um which is come from the energy sector transportation in to of course we are tropical countries um looking forward to the deforestations of link to the agriculture expansion working n so to the climate change impact cing and sea level rise suround with how carbon tax in Malaysia is not implenting yet uh is under consideration uh but we are concerned with a varish agreement to uh to to uh in order to reduce the uh carbon emission Rel from our industry and we show a conent on the environmental issue so um based on the discussion that we discussed the interconnection between um uh carbon emissions economic sustainability and uh biodivers St conservation the interconnections of the three aspect these are the concluding remarks in the context of Asia these three issues inter set and can be addressed through a variety of strategies um now this we know that low carbon economy is very important uh is actually to is actually match with a sustainable economy uh in Malaysia low carbon economy will be released in 2030 are going into that and uh what government or policym can do we can do is reduce our Reliance on fuel fil Fuel and also not to subsidize for for Fu because it harm the environment maybe government can uh change to the other uh types of subsidies Maybe enance the economy or to enhance the public transport facilities that uh we discuss in the uh here which is the third one is the use of sustainable transport which is the government maybe the public this maybe can um improve the facilities uh the public facili the nation or in the nation to make the um the dependent on the transportation and your own transportation so reduce the CO2 emissions habit preservation and also this Restorations are protecting C ecosystem what as the government can or we as a public as can can protect our so use the renewable energy transitions green infrastructure provide um a sustainable agriculture that not harm the environment such as use of organic so on and also the international cooperation is very important such as like today we have a discussion on the carbon test on the emission and so on this is shows the cooperation Among Us uh that we have concern on the issues okay so therefore I come up with a conclusion uh these are the some conclusion that can be from from this discussion as I said earlier uh F subsidies has not implemented yet in Malia is under considering uh by is short policy by F subsidy is actually uh we we we uh have we have we have the public to reduce the cost of the transportation reduce the cost of petrol but is actually um is actually can uh harm the environment because of if government provide the cities to them they will increase more usage of their Vehicles so in states of subsid subsidizing environmental harmful Fu and alternative approach involve the government redirecting subsidies to enhance the public transportation facilities so government can use that budget to uh look at to look forward at the uh public facilities the public transportation facilities upgrate of them the second is the introduction of the carbon T is a crucial because you has the potential at a minimum uh to mitigate the adverse external consequences arising from human and cap and corporate actions however attending this objective demand Collective actions uh the elevations of awareness and the educations of individ is very much important important for now um as we have a discussion is is a great the awareness among people the consense of from them and also how it will the implementation ands the environmental issues it's the most important how we can develop their behavior in um towards the to to protect that environment therefore our rules in reducing CO2 emission promoting sustainable economies and conserving biodiversity are of most important and require urgent attention to SAU the environment is natural resources and also secur production of due to the biodiversity conservation that uh thank you very much thank you very much so thank you Dr Juliana muhamad we highlight the point from you that I like of emissions contribute to global warming and climate change by traing set in the earth atmospheres leading to the rising global temperatures and Associates impacts like extreme wer events cver rise and disruptions to ecosystem therefore we need the rules in reducing uh CO2 EMS promoting sustainable economics and conserving bod diversity are Paramount importance and require urgent attention to set guard the emper and its natural resource yeah IU Dr Juliana B Muhammad abdad we are sure our audience has uh learned a lot uh from you today and we would like to thank you for your sharing your and expertise thank you very much okay uh all webinar participants today we have heard from four amazing speakers who have given us different perspectives and insight on the urgency of carbon tax implementations the first speakers Professor Dr wison b m that focus on the human resource development in Indonesia then uh the second speaker B IM Anda discuss abouty of carbon tax and the speakers IU Dr rosmawati har that Focus on carbon tax then uh the last speaker Dr Juliana bti Muhammad Abul Kadir that focus on carbon emission sustainability economy and bod diversity conservations uh wellner thank you to all the pars then for your attention uh now we get 20 minutes for questions and comment from the audience please type your questions and please also state your name before asking your questions please go ahead uh audience partipants is it uh they have a questions in chat this is from we know this is our student this is from accounting program stud said has first of all I would like to thanks the presenter for the explaination about let me introduce then the plans to implements a carbon taex conern two important things first is natur and second is people well one thing that needs to be f for is how to implement a carbon tax and emission trading that does not burden small people because usually last industry throw additional cost at your what can the government do to respond for this issue yeah this is the question from plan what can the government do to respond to this issue uh what who is the speakers you want to ask okay a question from stud L the time is here to explain mother maybe to answer questions yeah hello P I'm sorry I I lost a signal U maybe you please repeat the question okay okay what can the government do to respond this issue so the question is about the respon from government that's correct okay um actually the government respon is out of our control of course because uh we are in the business entity and we cannot control the for government action but uh we can do the collaborate uh with the government uh time by time to implement it the tax carbon uh in the in the first base in the second base and also in the uh in the implementation about uh TX carbon of course in in our company so um maybe uh that's all in general we cannot control in government action but we can do a collaborate action uh co-creation collaborate and uh we can examine uh the the government on the regulation time by time if there is any uh Improvement or rewing scenario we will do uh to give uh input for the better respon uh to to to make our industry grow uh better time by time that's all maybe but for our perspective thank you good thank you I hello may I add something on the how the governments uh needs to do okay thank you please okay um the suggestion that have go through some some of the suggestion that I have come through is that um the government need to train the civil servant to become carbon prising experts uh the government needs to inform the public on on the importance of the policy implementation towards the national and Global Climate agenda and apart from that um the government also need to play to play the role to improve on the for example the public transportation systems and explain the strategies on how uh to assist the public and the affected business so that's uh one two of the ways on how government uh needs to play their role to um in in fostering the uh environmental uh envir issues and awareness among the the citizens I think um that's that's all for now for this time being yeah thank you is it okay this is clear for you because um we have uh from to honorable speakers and mother and they have questions is mean uh we need to improve the rules in reding in reding C to to set that our ENT is it yeah okay thank you very and then is it have an equation from participant yeah let's yeah we we just uh questions patience here okay this is from uh [Music] the questions is uh for could you give example of fible legal consequence that can be taken to the companies that if had carbon tax if were to be implement this is the question everybody can see this yes we have a question again from participants okay uh this is a good question uh thank you for the question uh of course yeah relating to the TX carbon uh should be have the consequences legal consequences if the company uh cannot conduct or implement it in the company uh the first first of first of all should be the administrative sanction this is quite common in the Harmon ad administrative sanction is could be consist of the uh letter of sanction or maybe uh penalties and uh additional uh charges and uh obligation that uh should should be D by the company um but uh furthermore maybe uh the the ultimate or the highest legal consequence if the company is uh ory or uh cannot conduct the tax carbon uh the government May uh consider to to what call it yeah the the the permit yeah the license the business license of the company can be considered uh to be hang on uh terminated by the government uh that's all my perspective uh thank you thank you have answer questions is it C and clean we discuss about carbon text this will be clear and clear is it right but you okay next uh still have uh how many questions then no okay there is no just wait no question anymore uh ladies and gentlemen uh I think decisions ansers Finance and thank you very much especially for our honorable speakers and we are would like to thanks for your Ange and experience you have searched to us this is very uh important we get the value we get the knowledge from all the honoral speakers the honor the four speaker have as the Ary of carbon tax implementation is the importance of awareness understanding and contribution to reducing carbon emissions as well as the lines of human resource to F this JS they have uh also sh with us some of the best PR and resource to more or get involved in this carbon Tex we hope you have enjoy this webinar Internationals and gain some valuable knowledge and inspiration from our speakers before we end the sessions left let us have a final round to Applause for our honorable speaker Professor Dr wison Papa IM and D har andu Dr Juliana bti Muhammad abdad okay uh all participant we let's return to our MC to e doctor toiati thank you very much [Applause] thank thank you uh Mr am for such a great moderation of today's we and Ladies and Gentlemen please please give fual Applause and uh operation to all of speakers today good thank you very much well well well next we will give aing certificate to the open speakers and Ed person and the presentation of certificate will be guided by Dr suaro SN he is the chairman chman of this webinar Mr time is [Music] yours thank you okay yeah thank you very much to the team of ubaya MBA then then next next the second thank you very much to the Head faculty of business of management CH of studies University technology is thank you next and thank you uh very much Papa Professor DRS B Ms for his presentation and then thank you much to Papa M Anda for his presentation thank you and then thank you very much to drti Har for her presentation thank you and thank you very much to IU Dr Juliana muhamad Abdul for for presentation thank you okay thank you okay thank you very mucha thank you alhamdulillah this Seminar can run smly yes okay and to all speakers and moderator please kindly remind on screen receive virtual appreciation as token of appreciation okay okay um from the being of Faculty of economics and business bya and head of Faculty of business and Management Center of study University Tey um with our photo session please kindly remind us for a while to allow us skur in this moment for the end of the this session okay okay thank you Mr Andre from okay is the end of the webinar uh once more we want to thank you to Dr IU Dr de finba and also Dr Nora so sorry and to all speakers Professor Dr M and Professor Dr m m and also uh from U itm Dr Rosati Haron and Dr julana Muhammed Abdul Kadir okay I invited the participants ladies and gentlemen as the closing ceremony ceremony you are kindly requested to adjust accordingly to listen our Indonesia national song [Music] [Music] [Applause] [Music] of the bir I [Music] [Applause] [Music] [Music] more [Music] distinguish speakers ladies and gentlemen this is the end of our International webinar event faulty of economics and business univ B Jak Indonesia and University technology Mar Malaysia thank you for all your participation please accept our apologize for all inconvenience might happen during this event online keep up your spirit and let let us hand in hand build a better human development through education we hope we will see you again in webinar with another topic yeah I am good uh afternoon to all of you stay safe stay healthy and God bless us thank [Music] you [Music] [Music] [Music] stay with meay with [Music] [Applause] [Music] I call [Music] myON [Music] for make stay with me it goes little something like