Fabby Tumiwa, Executive Director of IESR, said that the Indonesian government needs to make a transformative and massive effort to completely decarbonize the energy system by raising around USD 1 .2 trillion by 2050. Based on a study by IESR & the University of Maryland, the cost of ending 9.2 GW of PLTU in 2022-2030 requires around USD 4.6 billion. Furthermore, early retirement of all PLTUs in 2045 with an average age of 20 years requires USD 28 billion to compensate for stranded assets and the cost of decommissioning (closing) power plants.

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