Press Release Archives - Page 2 of 19

Taxonomy for Indonesian Sustainable Finance Opportunities and Gaps to Support Energy Transition Financing

Press Release17 May 20247Views 0Likes 0Comments

Jakarta, May 17, 2024—The Financial Services Authority (OJK) has updated the sustainable finance market guidance from the Indonesian Green Taxonomy (THI) to the Indonesian Taxonomy for Sustainable Finance (TKBI) in February 2024. This taxonomy's objectives include attracting more sustainable finance to various sectors, including the energy sector, and achieving the net zero emission (NZE) target…

Energy Transition Funding Needs for Affected Workers Reach Rp38.4 Trillion

Press Release30 April 20248Views 0Likes 0Comments

Jakarta, April 30, 2024 - Energy transformation requires adequate financing to ensure a smooth and equitable process. The Institute for Essential Services Reform (IESR), a leading think tank on energy transition and environment based in Jakarta, disseminated a report titled "Identification of Financing Needs for an Equitable Transformation of Indonesia's Electricity Sector". The report, created…

IESR: Indonesia’s Second NDC Needs to Reflect Ambitious Emission Reduction Targets

Press Release26 April 202422Views 0Likes 0Comments

Jakarta, April 25, 2024 - The Indonesian government, through the Ministry of Environment and Forestry (MoEF), is currently drafting the Second Nationally Determined Contribution (SNDC) document. In contrast to the Enhanced NDC document published in 2022, the emission reduction target in the SNDC document is no longer measured based on emission reductions from the base…

Renewable Energy Festival: Encouraging Real Action to Lower Emissions

Press Release22 April 20249Views 0Likes 0Comments

Fabby Tumiwa, The Executive Director of IESR on Renewable Energy Festival Jakarta, April 21, 2024 - The increase in global temperature due to increased greenhouse gas emissions has an impact on the climate crisis which triggers an increase in the intensity of hydrometeorological disasters. Based on data from the World Meteorological Organization (WMO), the earth's average…

Building Low-Emission Cities in Indonesia

Press Release3 April 20249Views 0Likes 0Comments

Jakarta, April 2 2024 - Urban areas are centers of carbon-intensive activities. High population, dense buildings and intensive energy use contribute to increased greenhouse gas emissions. Climate Transparency 2022 noted that direct and indirect emissions from the building sector in Indonesia accounted for 4.6 per cent and 24.5 per cent of total energy-related carbon dioxide…

Decarbonization of the Iron and Steel Industry Needs a Comprehensive Roadmap

Press Release21 March 202412Views 0Likes 0Comments

The Executive Director of IESR, Fabby Tumiwa Jakarta, March 20, 2024 - Indonesia's iron and steel industry is experiencing consumption growth. Data from the Coordinating Ministry for Economic Affairs shows that in 2022, the average steel consumption was 15.62 million tons annually. This number exceeds the average steel production of around 12.46 million tons annually. Meanwhile,…

Encouraging the Decarbonization of MSMEs in Indonesia

Press Release14 March 20248Views 0Likes 0Comments

Jakarta, March 14, 2024 - Micro, Small, and Medium Enterprises (MSMEs) have become one of the important pillars of the Indonesian economy. Based on data from the Ministry of Cooperatives and Small and Medium Enterprises (Kemenkop), the MSME sector contributed to the Gross Domestic Product (GDP) by 60.5 percent and contributed to employment reaching 97…

Civil Society Coalition: New Energy Sector Rules Set Back Energy Transition Commitment

Press Release8 March 20248Views 0Likes 0Comments

Jakarta, March 8, 2024 - The Renewable Energy Movement's Civil Society Coalition is questioning the government's commitment to the energy transition. They consider some regulations to be disincentives for switching to renewable energy. These regulations include the Energy and Mineral Resources (ESDM) Ministerial Regulation on solar PV, the Presidential Regulation (Perpres) on carbon capture and…

Realizing Bali Net Zero Starts with 100 Percent Renewable Energy in Nusa Penida by 2030

Press Release6 March 20249Views 0Likes 0Comments

Nusa Penida, March 6, 2024 - The energy transition agenda in Bali Province will be one of the main axes to achieve Bali's target for net zero emission (NZE) by 2045. The Bali Provincial Government is collaborating with various parties, such as the Bali Net Zero Emission Coalition, which includes the Institute for Essential Services…

Explore South Sumatra Energy: Promoting Renewable Energy in the Land of Sriwijaya

Press Release26 February 20248Views 0Likes 0Comments

Palembang, February 26, 2024 - South Sumatra, also nicknamed "Bumi Sriwijaya", is one of the provinces that achieved a regional renewable energy mix target greater than the national target. In 2022, the renewable energy mix in South Sumatra reached 23.85 percent, higher than the national energy mix target of 23 percent by 2025. To encourage…

MEMR Regulation No. 2/2024 Limits Public Participation to Support Energy Transition through Rooftop Solar PV

Press Release23 February 202427Views 0Likes 0Comments

Jakarta, February 23, 2024 - The Indonesian government has officially issued Minister of Energy and Mineral Resources (MEMR) Regulation No. 2 of 2024 concerning Rooftop Solar Power Plants Connected to the Electricity Network of Holders of Electricity Supply Business License for Public Interest, which is a revision of MEMR Regulation No. 26 of 2021. In…

Steps to Achieve Bali’s Net Zero Emission by 2045 and Attain 100 Percent Renewable Energy in Nusa Penida by 2030

Press Release22 February 202413Views 0Likes 1Comment

Denpasar, February 21, 2024 - Following its declaration in August 2023, the Bali Provincial Government has formulated and executed strategies to pursue Bali's target of achieving net-zero emissions (NZE) by 2045 and to actualize Nusa Penida as a location powered entirely by renewable energy by 2030. Collaborating with non-governmental partners in the Bali Net Zero…