Prospects of Energy Transition in Indonesia

The Indonesian government has submitted its plan for nationally determined contributions (NDCs) to the United Nations and has committed to achieving net-zero emissions (NZEs) by 2060. While looking to reduce emissions from forestry, the government has prioritised a transition to renewable energy in...

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Veröffentlicht in:Bulletin of Indonesian economic studies 2023-05, Vol.59 (2), p.149-177
Hauptverfasser: Resosudarmo, Budy P., Rezki, Jahen F., Effendi, Yuventus
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container_title Bulletin of Indonesian economic studies
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creator Resosudarmo, Budy P.
Rezki, Jahen F.
Effendi, Yuventus
description The Indonesian government has submitted its plan for nationally determined contributions (NDCs) to the United Nations and has committed to achieving net-zero emissions (NZEs) by 2060. While looking to reduce emissions from forestry, the government has prioritised a transition to renewable energy in the energy sector. However, Indonesia faces challenges owing to its lower-middle-income status, limited budgets and constraints in attracting international finance. This paper aims to assess Indonesia's potential for realising its energy transition goals. It evaluates the country's economic strength, past experiences in energy transition and the current status of ongoing initiatives. It concludes that significant progress is possible, but achieving NZEs by 2060 remains a major challenge.
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source PAIS Index; Business Source Complete
subjects Alternative energy
Budgets
carbon market
climate change policy
climate finance
Climate policy
Emissions
Energy industry
energy transition
Finance
Forestry
Government
Indonesian economy
International finance
Prospects
Renewable energy
title Prospects of Energy Transition in Indonesia
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