Recent announcements by Indonesia’s state-owned utility company Perusahaan Listrik Negara (PLN) and the Ministry of Energy and Mineral Resources (MEMR) referencing potential net zero emission (NZE) targets in the power sector have caught public attention both in Indonesia and abroad.
PLN hopes to achieve carbon neutrality by 2060, in addition to Indonesia’s target of 23% renewables by 2025. In its announcement to the Parliament, PLN aims to start retiring its conventional steam power plants by 2030, subcritical coal plants by 2035, supercritical plants by 2040 and ultra-supercritical plants by 2056.
The willingness of high-profile Indonesian government officials to sketch out new commitments to long-term climate change mitigation targets suggest that the issues are getting more attention from senior policymakers and that they are facing more pressure from the public to keep pace with public expectations.
Read the full report by Elrika Hamdi, Energy Finance Analyst and Putra Adhiguna, Energy Finance Analyst from IEEFA by clicking here