On 3 November Indonesia, the Philippines and the Asian Development Bank (ADB) announced an Energy Transition Mechanism (ETM) partnership. ADB provides funds to accelerate the early retirement of coal power plants and replace them with clean power plants. Jokowi clearly said that carbon market and carbon pricing must be part of efforts to address climate change issues
Read more at Mongabay
Coal is the reason Indonesia cannot accelerate its net zero emission (NZE) target by 2050. However, coal is the main fossil fuel that drives the Indonesian economy. Indonesia has 418 gigawatts of power in renewable energy in the form of solar, wind, hydro, geothermal as well as underwater currents. Jokowi’s call to energy actors is to replace coal with operational ETM partnerships and make Indonesia NZE 2050
Read more at Antara
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