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Significance
In July, it expressed optimism about achieving net-zero emissions by "2060 or sooner". This will require a phasing out of coal-fired power plants, currently the dominant source of power generation in the country.
Impacts
Jakarta may include its 2060 target explicitly in future updates of its Nationally Determined Contribution to action against climate change.
Indonesian oil and gas firms will step up opposition to the government's plans to introduce a carbon tax.
The government will redouble commitment to reforestation efforts.
Keywords:
Indonesia,
AP,
Norway,
United Nations,
industry,
international relations,
politics,
social,
climate,
coal,
energy,
environment,
finance,
fiscal,
gas,
government,
investment,
oil,
policy,
regulation,
renewable energy,
electricity,
infrastructure,
prices,
transport,
Paper & Forestry,
Fossil fuels,
Renewable energy
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2021
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