Indonesia aims to phase out coal plants and reach net-zero emissions by 2050, a goal requiring massive renewable energy investment.

Indonesian President Prabowo Subianto plans to phase out coal plants over 15 years and achieve net zero emissions by 2050. To meet this goal, Indonesia must add 8 gigawatts of renewable energy capacity annually, reduce coal usage by 3 gigawatts yearly, and install 4 gigawatt-hours of battery storage annually until 2040. Analysts say this ambitious target is achievable with strong political will, proper financing, and international support.

December 09, 2024
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