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Jakarta Post

Early shift to clean energy will save costs, expert says

  • Stefanno Reinard Sulaiman 

    The Jakarta Post

Jakarta   /   Sun, April 14, 2019   /  12:19 pm
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An early energy transition from dirty to clean sources will save a lot of money that will be spent in the future to provide compensation during a transition phase in which coal companies will suffer losses, an energy expert from Germany has said. (Shutterstock/File)

An early energy transition from dirty to clean sources will save a lot of money that will be spent in the future to provide compensation during a transition phase in which coal companies will suffer losses, an energy expert from Germany has said.  Philipp Wendel, the head of an energy sector from Germany’s foreign office, said the message was based on his country’s experience as it had to set aside more than 40 billion euros (US$45 billion) in transition funds. The money will be used as compensation for coal companies and energy subsidies.  “If you continue to invest now in coal [power plants], you might run into structural problems in the future. We are now facing it and it’s hard. Hence, actually many developing countries could leapfrog to the [renewable energy] technology,” Wendel said, adding that Germany&...