On the occasion of the first ever international summit of public financial institutions, civil society groups urge them to urgently address the climate crisis by stop financing fossil fuels.
From the differences in treatment between Omnibus Law and Renewable Energy Bill, we can understand why the renewable energy implementations in Indonesia are still far from its target.
Description of coal finance has not changed since last year, and its exception provisions still allow the bank to provide financing to coal-fired power projects.
Indonesian government must start thinking realistically and focus on investing in renewable energy that is safer, cheaper, and cleaner for the country and its future.
IKEA Foundation has committed $10 million over the next three years (2019 - 2021) to support the ecosystem of entrepreneurs and accelerators addressing Indonesia’s energy access and renewable energy challenges.
High renewables scenario coupled with realistic energy savings would result in a cost saving of US$10 billion over ten years as compared with the current electricity supply plan.