The realization of energy subsidies and compensation in 2023 is likely to be slightly lower than the budgeted ceiling in the 2023 State Budget of IDR 339.6 trillion.
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Two issuers in the new and renewable energy sector, PT Barito Renewables Energy Tbk (BREN) and PT Pertamina Geothermal Energy Tbk (PGEO), are competing to expand their business to develop capacity and accelerate growth. Their expansion has sparked euphoria among investors for their shares.
Read more on Bisnis Indonesia.
Minister of Mines and Energy in 1998-1999 Kuntoro Mangkusubroto died at Cipto Mangungkusumo Hospital, Jakarta, Sunday (17 /12/2023) at 01.03. Throughout his life, Kuntoro, who once served as Head of the Aceh-Nias Rehabilitation and Reconstruction Agency, was known as a figure of integrity and worked without the limelight or freneticism.
Read more on Kompas.
Japan is offering to help Asia-Pacific nations curb emissions with various technologies, including a climate solution that critics say may extend the life of fossil fuel power plants.
Read more on Bloomberg.
Although electricity tariffs from new and renewable energy (EBT) plants continue to decline from year to year, currently the price remains more expensive than coal plants that dominate electricity sources in the country. Understandably, the price of CFPP electricity is helped by coal subsidies in the form of a domestic price obligation (DPO) of US$…
Southeast Asia, home to nearly 700 million people, is one of the most vulnerable regions to the impacts of climate change. It faces rising sea levels, increasingly intense cyclones, and more severe flooding, droughts and heat waves.
Read more on Philstar Global.
The process of energy transition in Indonesia over the last three years has been in the consolidation phase. Although the results, in the form of an increase in renewable energy capacity, have not been fully realized, Indonesia has established commitments and plans for energy transition, making it a national agenda.
Read more on Koran Jakarta.
Indonesia aims to reach the peak of greenhouse gas (GHG) emissions by 2035 and subsequently decline to achieve net zero emissions (NZE) by 2060 or earlier. Achieving this target still requires more massive regulatory support and investment.
Read more on Kontan.
The Indonesian government has a political commitment to undergo an energy transition, thereby increasing funding for renewable energy projects, both at the bilateral and multilateral levels.
Read more on Kompas.
ANTARA | IESR States That The Energy Transition in Indonesia is Currently in The Consolidation Phase
Executive Director of the Institute for Essential Services Reform (IESR) Fabby Tumiwa mentioned that the energy transition process in Indonesia over the last three years has been in the consolidation phase.
Read more on ANTARA.
Indonesia is expected to see the lowest investment realization in renewable energy projects in six years, despite the country’s aim to decarbonize its electricity sector, which experts suggest it is partly because of a lack of discussion to resolve structural and financial barriers in the sector.
Read more on Jakarta Post.
Indonesian President Joko “Jokowi” Widodo has asked the Ministry of Investment to look for investors who would be interested in projects outside nickel and tin. Apparently, the president has identified quartz sand – the raw material for solar panels – as the next promising sector.
Read more on China Global South.