press release

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

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…

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

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…

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press release

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

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…

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press release

Renewable Energy Festival: Encouraging Real Action to Lower Emissions

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…

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press release

Decarbonization of the Iron and Steel Industry Needs a Comprehensive Roadmap

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,…

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press release

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

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…

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