News

Climate activists urge Indonesia to ensure that the global carbon market does not undermine genuine greenhouse gas emission reduction efforts ahead of the COP28 in Dubai.

INA and BII announced a strategic partnership aimed at advancing sustainable economic development and cooperation, particularly in the green sector.

Indonesia and New Zealand have agreed to expand cooperation in the geothermal field. The program will continue to 2028.

Inonesia’s Minister of Energy said, the huge potential of renewable energy should be optimized to support national energy security and achieve the new and renewable energy mix target.

Indonesia and Singapore will begin the joint development of a floating solar farm in Batam next year with a goal of generating around 2 GW of electricity that will be transported to Singapore via undersea cables.

Australia will provide $50 million in climate funding to Indonesia’s small and medium enterprises (SMEs) as well as startups for energy transition, according to Australian Prime Minister Anthony Albanese.

The World Bank said on June 27 it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in financial support.

Indonesia projects to initiate its carbon exchange in September, with power generation companies the first to trade on it.

Indonesia could reach net-zero emissions by 2055, five years ahead of the government’s goal of 2060, if it receives financial and technology support, Indonesia’s Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said on Tuesday.

Indonesia’s Energy and Mineral Resources (ESDM) Ministry has revealed that the use of new and renewable energy (EBT) in 2022 reached 300 MW.