Indonesia’s government and the International Renewable Energy Agency have agreed to work together to decarbonize the country, which is Southeast Asia’s largest economy.
After the group’s most recent conference in Rome, when the world’s leading economies agreed to cease supporting coal overseas, Indonesia took over as President of the G20 group of most industrialized countries for the first time.
With international help, Indonesia has committed to decrease greenhouse gas emissions by 29% by 2030 and has set a more ambitious goal of net-zero emissions by 2060 or sooner.
The agreement was signed at the UN Climate Change Conference in Glasgow, which began on November 5 and will end on November 12. At the COP26 meeting, negotiators are striving to reduce greenhouse gas emissions in order to maintain alive an international objective of limiting temperature rise to no more than 2 degrees Celsius above pre-industrial levels, with a goal of 1.5 degrees Celsius.
IRENA will prepare a comprehensive energy transition roadmap for Indonesia, identifying important policy initiatives, technological solutions, and industrial development programs to accomplish medium and long-term renewable energy and decarburization goals, as part of the agreement.
Indonesia is the Association of Southeast Asian Nations’ greatest energy consumer, accounting for approximately 40% of the group’s total energy consumption.
By 2025, the country wants to reach a 23 % renewable energy contribution in total energy, and no new coal plants will be built after 2030 unless they have been contracted or are under construction.
Through a conversation on de-risking investments, the establishment of project pipelines, and project preparation support, IRENA will also assist Indonesia with access to funding and investments in renewable energy.