JAKARTA - Indonesia aims to cut carbon emissions to 250 million metric tonnes for its on-grid power sector in 2030 and increase its share of renewable energy generation to 44 per cent under a Just Energy Transition Partnership , its plan showed on Wednesday.
Indonesia and a group of investors, led by United States and Japan, had initially agreed to peak emissions from the power sector of 290 million tonnes by 2030, and to increase the renewable share of power generation to 34 per cent, but the scope of the off-grid power system was not fully mapped out at the time.
The coal-fired power plants operated by industries are being excluded from the plan because authorities need more time to work out how to protect the nickel smelting sector, an official involved with the programme said earlier. The plan showed that US$153.8 million of the US$20 billion pledged had been identified as grants. The rest of the public financing could include concessional loans at below-market rates, the Secretariat said.