Indonesian President Joko Widodo has expressed his intention to emphasize global collaboration on climate finance at COP28. Indonesia is seeking concrete commitments, particularly from developed countries, to financially support the climate efforts of developing nations.
Indonesia’s climate targets
In line with its 2022 Nationally Determined Contribution (NDC), Indonesia has set itself the target of reducing its greenhouse gas emissions by 31.89% by 2030 through its own efforts, and by 43.2% with international support. Environment and Forestry Minister Siti Nurbaya will highlight the country’s climate actions, including plans to meet emissions reduction targets for 2030 and 2060.
Energy and environmental measures
Indonesia has succeeded in reducing emissions in the energy sector, notably through the state-owned electricity company PLN. Darmawan Prasodjo, CEO of PLN, stressed the importance of energy transition to support the country’s rapid economic growth, while focusing on environmentally friendly and affordable energy sources.
PLN’s Energy Transition Strategy
PLN plans to increase renewable energy capacity to 480 GW by 2060. The company forecasts that 75% of added generation capacity up to 2040 will come from renewables, and 25% from gas. A smart grid will be developed to route electricity from isolated renewable energy projects to large load centers in major cities.
Initiatives in the Transport Sector
In the transport sector, PLN is working with automotive companies to build electric vehicle infrastructures, including charging stations and battery exchange centers, in order to significantly reduce emissions from the sector.
MedcoEnergi’s commitment
Hilmi Panigoro, CEO of oil exploration company MedcoEnergi, has announced the company’s goal of achieving carbon neutrality by 2050. MedcoEnergi intends to use gas as a transitional source and actively develop solar and geothermal energy.
Indonesia is establishing itself as a key player in the fight against climate change, with ambitious initiatives in the energy, forestry and transport sectors. Indonesia’s proactive participation at COP28 underscores its commitment to a sustainable energy transition and increased international collaboration on climate financing.
