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View all search resultsCoal will still become one of Indonesia’s key growth drivers in years to come, despite a steady shift to renewable energy, as the ‘black gold’ commodity prices are poised to remain elevated due to robust demand amid supply disruptions.
The multilateral development bank, which focuses on eradicating poverty in Asia, provided no timeline for its commitment. It also laid out conditions under which fossil fuel projects would continue to receive funding, such as where no other cost-effective technology was available.
The downstreaming of coal, whose reserves in Indonesia is the sixth-largest in the world, includes the push to transform coal, the dirtiest fossil fuel, into cooking gas, methanol and electricity, among other commodities.
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