Analysis of Carbon Tax Implementation on the Probability of Default of Coal Mining Companies in Indonesia

This research aims to determine the effect of implementing a carbon tax on coal companies in Indonesia which allows for the Probability of Default for coal companies. This research sample consists of 17 companies listed on the Indonesian Stock Exchange (BEI). With a quantitative approach. The data analysis technique uses descriptive statistical analysis. The data used is secondary data in the form of panel data. Panel data (pooled data) is a combination of time series data over a three-year period, namely 2018-2022 with cross section data in the form of generally available secondary company data. Based on the results of the Merton model calculations, the probability of company failure on average reaches 90.76% and some have reached 100%. The achievement of the probability of failure for mining companies cannot be separated from the quite varied coal prices during the research period.