Anticipating Fossil Energy Stranded Assets

Jakarta, May 31, 2024 - In the face of the climate crisis, the world is increasingly advocating for using renewable energy and pushing for reducing fossil fuel development and usage, particularly coal-fired power plants, which are significant contributors to carbon emissions. As a result, stakeholders must be prepared for the possibility of stranded assets in…

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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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Economic Transformation of Paser Regency Towards Renewable Energy: Adaptation and Sustainability Solution

Fabby Tumiwa, Direktur Eksekutif Institute for Essential Services Reform (IESR), Paser, May 8, 2024 -Indonesia is trying to reinforce its commitment to renewable energy development to achieve its net-zero emission targets by 2060 or even earlier. These efforts are part of the global initiative to tackle climate change and are expected to significantly impact the coal…

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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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