IWIRC Indonesia的动态

Many proposals for a just energy transition in developing countries simply do not take into account unique country factors. Eg in Indonesia, a government official who signs off on a deal that could raise power prices and cause stranded fossil fuel assets could conceivably be jailed for causing losses to the state. "A deal on Cirebon is crucial for the ADB’s regional ETM programme as it plans similar deals in countries including Vietnam and the Philippines, as well as for other plants in Indonesia. To get there, state utility Perusahaan Listrik Negara (PLN) and plant operator Cirebon Electric Power (CEP) need to reach a new power purchase agreement, which they failed to do by July, CEP director Joseph Pangalila told Reuters. The need for stronger legal protections and a clear road map for retiring coal plants was the main problem, PLN said, given that power generation costs could rise by nearly 90 per cent. PLN directors also fear a deal could expose them to future criminal charges if anti-graft investigators see the transaction as burdening the state with losses, said Mr Fabby. Mr Rachmat Kaimuddin, deputy minister overseeing power infrastructure, acknowledged this at a recent forum, saying stakeholders were considering the legal repercussions that might arise from any closures. “If we’re not careful, some people can get into trouble because it can create what they call state loss,” he said. In June, a former chief executive of state energy firm Pertamina was sentenced to nine years in jail for signing a long-term gas contract that a corruption court said caused state losses of US$114 million. “We are anxious that it needs to get done, but at the same time, what is important is that the first transaction is done in the best possible manner,” said Mr Ramesh Subramaniam, ADB director-general and head of the bank’s sectors group." https://lnkd.in/gMr3FpjY

Many countries are closing down their coal power plants. But some other countries are opening new coals plants. These are typically developing countries such as China. This is typical of a tragedy of the commons in Economics. The air is common property and so there is no significant legal implications for those who pollute it. Watch countries actions rather than their words and facades. One "test" case is Indonesia's planned retirement of a coal power plant. There are many competing issues such as achieving climate goals and well as security and certainty of power supply (especially when the sun doesn't shine and the wind doesn't blow). Will developing countries achieve their climate goals and achieve economic development and rising living standards? If developing countries continue to grow greenhouse gas emissions how much economic activity will developed (which have cut coal production) countries lose?

How can the Asian Development Bank (ADB) ensure that its loans do not fund new #fossilfuel projects? ADB is reportedly indirectly funding new coal #powerplant expansions in #Indonesia despite its commitment to stop financing new #coal, with a US$600 million loan to Indonesia’s state-run #electricity utility Perusahaan Listrik Negara (PLN). In their report, civic society groups Inclusive Development International, Recourse and Trend Asia point that the loan agreement lacks explicit provisions to exclude the use of funds for coal projects, allowing PLN to potentially use the funding to extend coal plants like Java 9 & 10 in the Suralaya region. Learn more about the report findings as well as ADB’s response through the link below. #Energy #Cities #Consumption https://lnkd.in/gj2RDgua

Which global #JustTransition stories are making headlines? ? South Africa "decouples" renewables roll-out from coal station closure ? New UK government urged to fund just transition for #workers ? Indonesian activists slam law allowing religious groups to manage mining areas Knowledge exchange between #coal regions is vital for a successful just transition. We gathered 10 recent just transition news stories from #SouthAfrica, #Indonesia, #Colombia, #India, #Malaysia and more. See all news stories ?? https://lnkd.in/e6X4HtrX #JustEnergyTransition #JETP #CoalPhaseOut #SocialJustice

Breaking Free from Coal: Indonesian Banks Should Stop Supporting Coal! ???? President Prabowo Subianto’s vision to end all fossil-fuel power generation could be a transformative leap for Indonesia toward achieving carbon neutrality and breaking free from the looming climate crisis. However, this bold vision will remain a distant dream as long as financial flows continue to support dirty energy sectors. Indonesian banks need to adopt effective climate risk management strategies, starting with increasing the proportion of loans and investments in green sectors. By channeling financial support toward renewable energy power plants, banks can accelerate the energy transition while safeguarding the future of the nation’s next generation! #IndonesiaCerah #EnergyTransition #EquitableEnergyTransition #CoalFinancing #ClimateCrisis

Under the global Paris Agreement, Indonesia has pledged to achieve net zero by 2060 or sooner. The country has committed to wean off fossil fuel under the Just Energy Transition Partnership, signalling its endeavour towards decarbonisation. Indonesia has also signed off on the ASEAN Strategy for Carbon Neutrality, which includes efforts such as promoting a regional circular economy. “With these commitments in place, we can expect Indonesia will want to meet its international obligations,” said Associate Professor Simon Tay, chairman of the Singapore Institute of International Affairs. ?? Read the full article in The Business Times - Indonesia’s near-term coal reliance could grow with Prabowo’s nickel focus - here: https://lnkd.in/gdZ59jNN

The cancellation of a?#coal?project, Song Hau 2, in?#Vietnam?has put Just Energy Transition Partnerships (JETP) under the spotlight. JETPs' basic?goal is to decarbonize #energy systems in typically coal-dependent and climate-vulnerable emerging markets, by connecting them with finance providers in wealthier countries, known as the international partners group. Vietnam has been allocated US$15 billion so far. IEEFA’s?Grant Hauber?says that while the promise of #JETP investment may have helped seal their decision, the Vietnamese government likely canceled Song Hau 2 because it wasn't financially viable. “That project was approved years ago when coal was US$50 a tonne, and it’s now around US$150??—?the economics just don’t work anymore.” He adds that the scale of JETP monies being discussed is large and consequential. JETP can be positioned to fund the?transmission links and energy supplies needed to green?the Vietnamese grid. #energytransition #decarbonization #energyfinance https://lnkd.in/g4yKiup2

Southeast Asian nations urged to accelerate their transition to clean energy to reduce reliance on imported fuel and control inflation. Geopolitical tensions, including the Ukraine and Middle East crises, have disrupted fossil fuel supplies, increasing prices and inflation in ASEAN countries, which import at least 50% of their crude oil from the Middle East. Collaborative initiatives, such as the Singapore-Indonesia solar power export deal, are vital for financing renewable energy projects. Indonesia and Singapore are expanding their renewable energy capacities, with Indonesia focusing on solar power exports and Singapore importing low-carbon energy from neighboring countries.

Is the Asian Development Bank backing new coal power projects, despite its no-new-coal pledge? It appears so. Inclusive Development International, Recourse, Trend Asia, and NGO Forum on ADB have released a new report revealing that a $600 million ADB loan meant to “promote the use of clean energy” in Indonesia is bankrolling Indonesia's national energy plan, which contains dozens of planned coal plants. These new plants include Java 9 & 10, part of a planned expansion of the notorious Suralaya Power Station, which is Southeast Asia’s largest and dirtiest coal complex. The news raises questions about the seriousness of the bank’s climate commitments on the eve of its 2024 Annual General Meeting next week. We urge the ADB to seize the opportunity of its upcoming Energy Policy Review to close off loopholes for continued financing of coal and other fossil fuels–including through financial intermediary arrangements–as well address the many outstanding grievances and demands for reparative justice from those who have been harmed by the impacts of their coal financing. Check out the full report: https://lnkd.in/gdj3PkZZ #ADB #ADBAnnualMeetings

The UAE and Chile have signed a landmark Comprehensive Economic Partnership Agreement that will boost non-oil bilateral trade and investment. This is a great move for the UAE as it will broaden its strategy to diversify its economy and strengthen global trade ties. Chile and the UAE will also likely collaborate on projects related to climate action, which just goes to show what countries can do when collaboration is prioritized. #UAE #Chile #Trade #Renewables #OilAndGas