The world is currently in an energy transition phase from fossil-based electricity, especially coal, to renewable energy.
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A movement is needed to step forward and reduce emissions, such as stopping the use of coal for a clean planet Earth.
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The need for investment in New and Renewable Energy or EBT to achieve the net zero emission target or zero carbon emissions in 2060 requires a cost of around 1,108 billion US dollars. Until now, the potential for EBT that Indonesia has only utilized is 2 percent.
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Handling climate change has become one of the main focuses in holding the 2023 ASEAN Summit in Indonesia some time ago.
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Indonesia holds the mandate as the 2023 ASEAN Chairmanship. One of the important points in the event is related to climate change and the commitment of Southeast Asian countries to make a clean energy transition.
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Even though the selling price of the commodity has decreased, investment flows in the coal sector are still heavy due to high production needs.
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Currently, a number of large corporations in Indonesia are building renewable energy projects to export electricity to Singapore.
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Subsidy assistance and incentives from the government for electric vehicles are in the spotlight after Anies Baswedan, a presidential candidate in the 2024 election, criticized this policy.
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The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan recently expressed his frustration at Singapore.
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The ASEAN Taxonomy Board (ATB) published the second version of the ASEAN Taxonomy for Sustainable Finance (ATSF v2) in March 2023.
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The transition from fossil-fuel vehicles to electric vehicles is one of the Indonesian Government's efforts to curb global warming.
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The ASEAN green taxonomy is necessary to accelerate green financing for coal-fired power plant early retirement plans.
Read more on Kata Data.