Grappling with funding challenges for the early retirement of coal-fired power plants, Indonesia is shifting gears in emissions reduction by endorsing the adoption of CCS technology, biomass, and green ammonia for power plants.
The Ministry of Finance has doubled the amount of the state budget frozen in the automatic adjustment mechanism. A bitter pill for ministries and institutions, but much needed as an anticipatory step against global uncertainty.
Top Indonesian officials have released more confident statements about plans for subsidies as more countries use these incentives to increase EV adoption. However, the plan has faced criticism and accusations of official' business interests.
The energy transition issue is a global trend that affects the oil and gas industry. In energy transitions, the use of fossil energy is gradually abandoned and switched to a cleaner new renewable energy (NRE).
Several new airlines have started operations even though the Indonesian aviation industry, hit hard by the COVID-19 pandemic, has not fully recovered yet.
"The hope for herd immunity from the vaccination program is getting far from reality. Without strategic policy shift, Indonesia could be among the last countries in eradicating the pandemic,"
The government put SOEs rescue among top priority amid the Covid-19 pandemic, planning to disburse a total of Rp 152.75 trillion in liquidity for 12 SOEs.
