US EditionIndonesia launches US$20 billion renewable energy investment plan
- Indonesia has launched an investment plan to mobilize $20 billion in financing from global lenders, led by the United States and Japan, to accelerate its power sector decarbonization and is calling for immediate fund disbursement.
- Through its Just Energy Transition Partnership , Indonesia aims to reduce carbon dioxide emissions in its on-grid power sector to 250 million metric tonnes by 2030, compared to estimated emissions of over 350 million.
- Indonesia plans to increase the share of renewable energy in its power generation to 44% by 2030, up from around 12% in 2022, as one of the world's largest greenhouse gas emitters.
5 Articles
5 Articles
Indonesia Kicks Off $20B Renewable Energy Plan
Indonesia kicked off a plan to unleash $20 billion in global financing to help decarbonize its power sector, Reuters reported on Tuesday, and to increase the role that renewables plays in its overall energy mix. The $20 billion in funds from lenders, including the United States and Japan, will be disbursed with immediate effect and will help Indonesia move forward with its plan to cut carbon emissions to 250 million metric tons for its on-grid p…
Indonesia launches $20-B renewable energy investment plan
JAKARTA – Indonesia launched on Tuesday its investment plan to mobilize $20 billion in financing pledged by global lenders led by the United States and Japan to accelerate its power sector decarbonization and called for immediate fund disbursement. Under Indonesia’s Just Energy Transition Partnership (JETP) the country seeks to cut carbon dioxide emissions to 250
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