The Ministry of Energy and Mineral Resources (ESDM) will provide several incentives and facilities to attract large companies to work on geothermal power plants (PLTP).
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Kurniawati Hasjanah
The Institute for Essential Services Reform (IESR) predicts that increased use of subsidized 3 kg LPG and electricity will cause this year's energy subsidy and compensation budget to fall short of the government's estimate of Rp 339.6 trillion.
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The Institute for Essential Services Reform (IESR) assesses that sustainable development with minimal emissions is believed to bring Indonesia out of the middle-income trap.
Read more on Warta Ekonomi.
The Indonesian government has shown good faith and taken several actions to reduce the use of coal in power plants, especially steam-powered (PLTU).
Read more on The Conversation.
Indonesia's funding capabilities and needs for climate change mitigation and adaptation are lame. Therefore, the government's policy direction is on two things, namely optimizing the state revenue and expenditure budget or APBN and encouraging the mobilization of funding sources outside the APBN.
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Several steam power plants in Indonesia are set to retire soon due to the Just Energy Transition Partnership's (JETP) funding scheme for energy transition, despite several giant power plants still being operational.
Read more on Bisnis Indonesia.
The government will build a Super Grid, a giant electricity network infrastructure network, to encourage the development of new and renewable energy and maintain the stability and security of the electricity system.
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The Bali provincial government aims to achieve 100% renewable energy in Nusa Penida by 2030. Ida Bagus Setiawan, Head of the Department of Manpower, Energy, and Mineral Resources, stated that the energy industry contributes 57% of Bali's emissions. The Provincial Government targets net zero emissions by 2045, 15 years earlier than Indonesia's target.
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Jakarta, August 10, 2023 - Sustainable development with minimal emissions is believed to be the key to lifting Indonesia out of the middle-income trap it has been in for 30 years (1993-2022) and transitioning towards a developed country. The Institute for Essential Services Reform (IESR) urges the Indonesian government to set ambitious, measurable emissions reduction…
In order to support the government's goal of achieving net zero emissions by 2060, banking institutions are implementing sustainable banking practices, such as reducing financing for non-environmentally friendly sectors like coal or fossil fuels.
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The Institute for Essential Services Reform (IESR) assesses that Indonesia's funding commitment of USD 20 billion through the Joint Statement on the Just Energy Transition Partnership (JETP) needs to be more significant. Executive Director of IESR, Fabby Tumiwa, said that to achieve the JETP target, more than USD 20 billion will be needed.
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The Energy Transition Partnership for Justice initiated by the Indonesian Government as one of the funding mechanisms to accelerate energy transition is believed to reduce the use of fossil energy. The implementation of this partnership still needs to consider various aspects, especially in realizing a fair energy transition.
Read more on Kompas.