Indonesia’s carbon trading initiative is yet to gain momentum. Despite its launch by President Joko Widodo on September 26, 2023, the total trading value on the Indonesian carbon exchange has only reached Rp30.7 billion. The trading volume so far has been 490,716 tons of carbon dioxide equivalent (CO2e) until November 30, 2023. Additionally, 71.95 percent of the available carbon still needs to be sold.
Read more on Tirto.
The target of using 15 million electric vehicles by 2050 is predicted not to be achieved. Incentives for electric vehicles are considered still small so that it does not attract people to use electric vehicles.
Read more on Kata Data.
The Cirebon 1 Coal Fired Power Plant (CFPP) will have its operational life shortened by seven years, and it is now expected to operate only until December 2035 instead of July 2042. The project has secured funding commitments from the Energy Transition Mechanism (ETM) scheme, and the transaction is expected to be finalized in the first half of 2024.
Read more on Kontan.
President Joko “Jokowi” Widodo’s call for more support from rich countries for their developing counterparts in tackling the climate crisis has left environmentalists unimpressed, who criticize the speech for “giving nothing new” despite global putting pressure on countries to do more to avoid the worst impacts of the crisis.
Read more on Jakarta Post.
The day before the opening of the 28th Climate Change Conference or COP28 in Dubai, United Arab Emirates (UAE), Thursday (30/11/2023), a press release circulated regarding the resignation of the current President of COP28 this, Sultan Al Jaber, from the position of Chief Executive of Abu Dhabi National Oil Company (ADNOC), the UAE’s national oil company.
The Indonesian government needs to intensify climate diplomacy in various international forums because the threat of climate change is increasingly real. As an illustration, Antarctica and Greenland are currently melting three times faster than in the early 1990s, potentially causing climate chaos in the future.
Read more on Koran Jakarta.
About a year ago, in the series of the G20 Summit in Bali, Indonesia “was showered” with funding commitments for the energy transition of 20 billion US dollars in the Just Energy program. Transition Partnership or JETP. We continue to try to fulfill this commitment. On the other hand, the portion of grants in JETP is very minimal and is dominated by soft loans.
Developing Indonesia’s battery industry is expected to remain a challenging task, as the industry is still beset with a lack of regulation and an unclear path forward, which many fear could hamper the country’s electric vehicle (EV) ambitions.
Read more on Jakarta Post.
Jambi Province has abundant renewable energy potential, including solar energy.
Read more on Kompas.
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