Jokowi, as Indonesia’s leader is known, won power by vowing to shake up an oligarchic system. But the coal industry seems to have found a place on his team
to using our energy transition to achieve a green economy.” Thus Joko Widodo, Indonesia’s president, heralded on November 15th a new international accord designed to curb his country’s addiction to coal.
But there are snags. To begin with, it will take far more than $20bn to tame this beast. TransitionZero, a research outfit, estimates that winding down power-purchase agreements for coal early would alone cost $37bn. The Institute for Essential Services Reform, a think-tank, reckons combining coal shutdowns with clean-energy investment would cost up to $25bn a year through 2030. Indonesia spent just $3bn on renewables from 2017 to 2021.
Regional concentration is another headache. The International Energy Agency, an official forecaster, reports that Indonesia’s “multifaceted dependence” makes it the most vulnerable of all big coal-dependent economies. Coal makes up 35% of East Kalimantan’sand employs nearly 9% of its population. In China’s sooty Shanxi province, the comparable figures are only 12% ofand 4% of the population.
Belgique Dernières Nouvelles, Belgique Actualités
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