TheJakartaPost
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Rather than following the West’s costly policies, low-carbon innovation, climate adaptation and poverty alleviation as well as additional investments in areas like maternal and newborn health and agricultural R&D are keys to real progress and development toward climate resilience in the developing world, including Indonesia.
In Indonesia, state utility PLN continues to fund grid development primarily through its own balance sheet; a model that places sustained pressure on its financial performance. Addressing financing challenges will be essential to ensuring the grid's readiness for a renewable-powered future.
The power plant will have a total capacity of 40 megawatts (MW) and will require around US$220 million of investment, according to a statement posted on Instagram by the directorate general of new, renewable energy and energy conservation.
Investment in clean energy technologies is set to strike a record this year despite global economic uncertainty, double the spending on fossil fuels that will dip for the first time since 2020, the International Energy Agency said Thursday.
