World Bank recommends Indonesia cut coal subsidies amid green transition

JAKARTA : The World Bank has urged Indonesia to drop a policy forcing miners to supply a set amount of subsidised coal to its state power company, which it said has encouraged the use of the dirty fuel in electricity generation.

The Southeast Asian country is the biggest exporter of thermal coal globally and among the top ten green house gas emitters. The bank also recommended changing rules on minimum local content requirements for energy projects because this had increased project costs and impeded competition. For solar panels, Indonesia has a 40per cent minimum local content requirement which is expected to be raised further in the future.

However, the bank also said poor and vulnerable households needed to be protected during key transition phases, when the government is expected to gradually raise power tariffs to give PLN the revenue to finance its investments.

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