Potential Acceptance of Carbon Tax on Blue Economy Development in Indonesia

One tool for internalizing the external costs of greenhouse gas emissions into the price of fossil fuels is a carbon tax. Promoting the decrease of carbon emissions and the switch to greener, cleaner energy sources is its primary goal. Given its enormous carbon emissions, Indonesia has a large potential cash stream from carbon taxes. It is anticipated that Indonesia's adoption of a carbon price will help realize the Sustainable Development Goals (SDGs), especially regarding the growth of a blue economy or sustainable marine industry. This study employs a qualitative approach through the utilization of the literature study method. The findings demonstrate that the introduction of a carbon tax can stimulate the shift in the marine industry toward more ecologically friendly methods while also serving as a funding source for initiatives aimed at marine conservation, research and development projects related to marine technology, and infrastructure that supports the blue economy.