The fourth phase of the UK governments Contracts for Difference (CfD) scheme is perhaps the most successful so far, procuring around 11 GW across a variety of clean technologies. The largest capacity of over 7 GW has been acquired from new offshore wind projects off the coast of Great Britain. For the first time, new technologies such as tidal streams and floating offshore wind projects were successful in the fourth round.
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As the country has committed to reaching net-zero emissions by 2060, this inventory report of energy support measures in Indonesia explores whether the current fiscal policies are aligned with this goal. The first of its kind, the inventory identifies and quantifies support measures available for various energy types—including coal, oil and gas, renewable energy, biofuels, and electric vehicles—between 2016 and 2020.
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Energy transition investment follows familiar patterns in global capital markets. Last year, energy transition and climate tech (renewable energy, energy storage, electrified vehicles and heating, hydrogen, nuclear power, sustainable materials and the carbon capture) attracted more than $900 billion. Energy transition investment alone reached $755 billion, up by a quarter over 2020 investment, double what was invested in 2015, and a more than 20-fold increase since 2004.
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