Indonesia Sets 75 GW Renewable Energy Goal at COP29

At the COP29 summit, Indonesia's climate envoy, Hashim Djojohadikusumo, announced a bold new initiative to build 75 GW of renewable energy over the next 15 years, part of a broader 100 GW clean energy target. Speaking in Baku, Azerbaijan, Hashim--brother to President Prabowo Subianto--emphasized Indonesia's goal of reaching carbon neutrality by 2030, which includes a phased transition away from coal power.

Indonesia's current installed capacity exceeds 90 GW, more than half of which comes from coal, while renewables account for less than 15%. The plan will see renewable projects making up 75% of new energy additions, with a green transmission network of 70,000 kilometers (43,500 miles) managed by state utility Perusahaan Listrik Negara.

While Indonesia frequently promotes its renewable potential, analysts highlight that coal subsidies have made renewable energy tariffs less attractive to investors. However, Hashim mentioned carbon-offset initiatives and interest from major funds, including Jeff Bezos' $10 billion Bezos Earth Fund, signaling potential for robust international support.

Source: worldenergynews.com