Will new guidelines for enhancing the utilization of green energy in Indonesia be effective?

As of FY 2023, Indonesia is the world’s top coal supplier while also being one of the world's major greenhouse producers. Its goal is to produce 663 million tonnes of coal in CY 2022, however it's possible that it may only produce 465.4 Mt of coal. Indonesia has established a new regulation in FY 2023 that contains a plan to retire some coal facilities and is intended to promote the use of renewable energy. It aspires to boost the percentage of green electricity sources in its energy mix to 23% by FY 2025, but barely got 12% by FY 2022. Around 60% of the nation's electrical demands are met by coal as of FY 2023. In order to keep global warming to less than 1.5 degrees Celsius over pre-industrial levels, Indonesia vowed in FY 2022 to attain net-zero emissions by FY 2060. A proposal for the retiring early of several coal-fired power facilities has already been given to the officials, and the government would help to cover any losses suffered. Additionally, it has also been suggested that no fresh coal-fired power plants be built, although those that are currently in the work and those that are connected with the extraction of natural assets would be permitted to proceed as scheduled.
Furthermore, compared to the standard coal plans, emission levels from future coal-based power plants should be lowered by 35% during the starting 10 years of their operation and they cannot be used after FY 2050. To promote development, the government has established a revised cost structure for geothermal, hydroelectric, and solar energy. Prior to this regulation, investors were required to go through a prolonged rate negotiating procedure with the government electricity provider. The administration would also offer financial benefits, such as funding sources and simplified authorization in forest regions for renewable energy growth. 
To promote renewable energy and lessen its dependency on coal, Indonesia required this legislative change, which included the introduction of affordable and accessible tariffs and dependable project pathways. Such action would aid in lowering carbon emissions and may inspire other nations to pursue a similar method for achieving net zero emissions by FY 2050.


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