Indonesia also unveiled a new US$235 billion ($316.61 billion) scheme to add 100GW of additional capacity, including 75GW of non-carbon-emitting sources.
Indonesia may have unveiled “ambitious” plans to reach net zero by 2050 and phase out coal-fired power generation by 2040, but realising these plans “remains challenging”, says BMI, a unit of Fitch Solutions.
The Indonesian government announced on Nov 20 that it will bring forward its plan to phase out coal to 2040 from 2056 previously, and also develop over 75 gigawatts (GW) of renewable energy by then.
