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Jokowi must attend COP24
A rare statement came from a coal-based energy businessman during the opening of the Indonesia Clean Energy Forum on Nov. 15, who said that securing investment for coal power plants was getting harder.
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President Joko "Jokowi" Widodo (INAPGOC/Garry Lotulung)
A
rare statement came from a coal-based energy businessman during the opening of the Indonesia Clean Energy Forum on Nov. 15, who said that securing investment for coal power plants was getting harder. Some of his international funders had even stopped investing in coal power plants.
On the other hand, he said, transitioning to renewable energy was not that easy, as many regulatory issues hampered the development of renewable energy. He concluded that while coal-based energy was headed toward extinction, renewable energy did not have the support it needed to survive.
A month earlier, President Joko “Jokowi” Widodo’s opening speech on Oct. 12 for the International Monetary Fund and World Bank Group Annual Meetings in Bali referred to a report from the Intergovernmental Panel for Climate Change (IPCC) regarding the 1.5-degree Celsius warming threshold. The President said that investment in renewable energy that was 400 times greater than current investments was needed to reduce carbon emissions and mitigate climate change.
To emphasize this notion, the National Development Planning Board (Bappenas) launched a low-carbon development plan during the same IMF-WB event as part of the government’s 2020 to 2024 National Long-term Development Plan (RPJMN).
