JAKARTA, Indonesia — President Prabowo Subianto has revealed an ambitious plan to retire all coal and other fossil fuel power plants within the next 15 years.
This announcement marks a significant shift for the country, which has long relied on fossil fuels for its energy needs.
Prabowo stated that the government aims to drastically increase the nation’s renewable energy capacity, leveraging Indonesia’s rich geothermal resources.
The announcement comes amid growing global pressure to reduce carbon emissions and shift towards cleaner energy sources. Many experts see Indonesia’s plan as a significant step forward in the fight against climate change.
According to the Indonesia Energy Transition Outlook (IETO) 2023, the country aims to peak emissions from the power sector by 2030 and achieve net zero by 2060. This transition is expected to spur economic growth and create new jobs in the emerging green energy sector.
Indonesia’s current energy policy underscores the need to balance economic growth with environmental sustainability. The government’s Renewable Energy Development plan emphasizes the need to increase the share of renewable energy in the national energy mix.
The target is to reach 23% by 2025. However, as of 2023, Indonesia has only managed to attract investments leading to an additional 574 MW of renewable capacity, highlighting the challenges in achieving these goals.
