News

The rapid advancements in green energy contribute to reducing electricity costs. In Indonesia, solar photovoltaic prices are even approaching those of coal-fired power generation.

Indonesia is about to see the lowest investment realization in renewable energy projects in six years, despite the country’s aim to decarbonize its electricity sector, which experts suggest it is partly because of a lack of discussion to tackle barriers.

Indonesia's state power firm Perusahaan Listrik Negara (PLN) said it had signed 14 agreements with various institutions during the COP28 climate summit to transition to cleaner energy.

Geothermal energy has the potential to generate direct social benefits through direct use applications. This potential is currently being realized in Indonesia with the introduction of the Geothermal Coffee Process (GCP) by PGE in West Java.

Indonesia’s Public Works and Public Housing (PUPR) Minister, Basuki Hadimuljono, said that the government's efforts to construct more dams and retention basins serve as concrete actions to address the threats of climate change.

Indonesia is set to hold its Presidential Election in February 2024. The first debate took place on December 12. Reccessary has compiled statements from each candidate tried to piece together possible directions of renewable energy.

The Indonesian Ministry of Energy and Mineral Resources (ESDM) has confirmed that Indonesia can’t achieve its ambitious target to achieve 23% of renewable energy mix by 2025. Experts believe that the main reasons behind this are some financial constraints

Indonesia officially launched its first Carbon Capture and Storage (CCS) project at the end of November. However, experts believe that Indonesia faces significant risks in becoming a hub for carbon storage.

President Joko Widodo explained Indonesia's climate efforts, inviting global cooperation at COP28. However, some experts find these actions insufficient to solve the global climate crisis.

After IDX Carbon launch, Indonesia's trading volume briefly outpaced Japan and Malaysia. However, a British media found little activity over the past 2 months, contrasting the earlier surge.