Are Indonesia and Vietnam’s multibillion-dollar clean energy deals stuck? Experts say not yet
3 months, 1 week ago

Are Indonesia and Vietnam’s multibillion-dollar clean energy deals stuck? Experts say not yet

Associated Press  

JAKARTA, Indonesia — Indonesia and Vietnam signed multibillion-dollar energy transition deals in 2022 that were heralded as drastic shifts in financing that would enable the coal-dependent countries to pivot to cleaner energy. Indonesia’s deal provides over $20 billion for the early phase-out and retirement of coal-fired power plants and the development of clean energy sources like solar or geothermal. “Indonesia and Vietnam face similar risks regarding their ability to repay these debts and the subsequent effects on their debt-to-income ratios and national fiscal health,” wrote researchers at the ASEAN Climate Change and Energy Project. “It simply wasn’t the case.” More focus on clean energy and new policies Vietnam’s policy reform faces challenges ranging from a cautious bureaucracy unwilling to make decisions and spend money amid an ongoing anti-graft campaign to internal tension within its Communist Party, according to Western diplomats.

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History of this topic

Indonesia's plan to retire coal plants 'challenging'
2 weeks, 1 day ago

Indonesia's plan to retire coal plants 'challenging'

China Daily  

Indonesian President Prabowo Subianto's commitment to phase out coal plants in 15 years might be a tall order but not impossible, as long as there is political will, adequate financing and technology to advance the country's energy transition, analysts said. Indonesia, a signatory to the Paris Agreement, has set a net zero emissions target by 2060 and has committed to …

Indonesia's plan to retire coal plants 'challenging'
Top News
2 weeks, 1 day ago

Indonesia's plan to retire coal plants 'challenging'

China Daily  

By PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-12-09 09:50 Indonesian President Prabowo Subianto's commitment to phase out coal plants in 15 years might be a tall order but not impossible, as long as there is political will, adequate financing and technology to advance the country's energy transition, analysts said. Indonesia, a signatory to the Paris Agreement, …

Indonesia's plan to retire coal plants 'challenging'
Top News
2 weeks, 1 day ago

Indonesia's plan to retire coal plants 'challenging'

China Daily  

Indonesian President Prabowo Subianto's commitment to phase out coal plants in 15 years might be a tall order but not impossible, as long as there is political will, adequate financing and technology to advance the country's energy transition, analysts said. Indonesia, a signatory to the Paris Agreement, has set a net zero emissions target by 2060 and has committed to …

Indonesia's plan to retire coal plants 'challenging'
Top News
2 weeks, 1 day ago

Indonesia's plan to retire coal plants 'challenging'

China Daily  

Indonesian President Prabowo Subianto's commitment to phase out coal plants in 15 years might be a tall order but not impossible, as long as there is political will, adequate financing and technology to advance the country's energy transition, analysts said. Indonesia, a signatory to the Paris Agreement, has set a net zero emissions target by 2060 and has committed to …

Indonesia's plan to retire coal plants 'challenging'
2 weeks, 1 day ago

Indonesia's plan to retire coal plants 'challenging'

China Daily  

Indonesian President Prabowo Subianto's commitment to phase out coal plants in 15 years might be a tall order but not impossible, as long as there is political will, adequate financing and technology to advance the country's energy transition, analysts said. Indonesia, a signatory to the Paris Agreement, has set a net zero emissions target by 2060 and has committed to …

Indonesia aims to cut coal use to one-third of energy mix
3 weeks ago

Indonesia aims to cut coal use to one-third of energy mix

China Daily  

Boats cruise near barges fully loaded with coal in Samarinda, Indonesia, in 2022. DITA ALANGKARA/AP Indonesia plans to slash the share of coal-fired power generation in the country's energy mix to 33 percent, while increasing the contribution of renewables to 42 percent by the end of 2040. The green objective, if achieved, would mark a jump in the country's energy …

Indonesia aims to cut coal use to one-third of energy mix
3 weeks ago

Indonesia aims to cut coal use to one-third of energy mix

China Daily  

Boats cruise near barges fully loaded with coal in Samarinda, Indonesia, in 2022. DITA ALANGKARA/AP Indonesia plans to slash the share of coal-fired power generation in the country's energy mix to 33 percent, while increasing the contribution of renewables to 42 percent by the end of 2040. The green objective, if achieved, would mark a jump in the country's energy …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN countries are still in the early stages of energy transition and this is …

SE. Asia eyes low-carbon development
3 weeks, 1 day ago

SE. Asia eyes low-carbon development

China Daily  

By PRIME SARMIENTO in Hong Kong | China Daily | Updated: 2024-12-02 12:08 Southeast Asian countries are working on energy transition to boost economic growth while reducing carbon emissions, but most are still in the early stages of such a transition, analysts say. Aditya Lolla, the Asia program director at Ember, an energy think tank in London, said most ASEAN …

Indonesia’s Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical
1 month ago

Indonesia’s Prabowo plans to retire all fossil fuel plants in 15 years, but experts are skeptical

Associated Press  

JAKARTA, Indonesia — Indonesian President Prabowo Subianto has announced that his government plans to retire all coal and other fossil fuel-power plants while drastically boosting the country’s renewable energy capacity in the next 15 years. “If the government is serious about speeding up the energy transition, efforts to shut down coal-fired power plants and prevent new permits for the construction …

Powering the advancement of the green transition
1 month, 2 weeks ago

Powering the advancement of the green transition

China Daily  

By WANG JINHUI | CHINA DAILY | Updated: 2024-11-09 07:32 The 100-megawatt photovoltaic project built by a Chinese company comes into use in Indonesia on Aug 28. In today's global energy landscape, which faces complex and profound adjustments, further strengthening China-Indonesia energy cooperation is not only necessary to enhance the energy supply stability of both countries and to support their …

Powering the advancement of the green transition
1 month, 2 weeks ago

Powering the advancement of the green transition

China Daily  

The 100-megawatt photovoltaic project built by a Chinese company comes into use in Indonesia on Aug 28. In today's global energy landscape, which faces complex and profound adjustments, further strengthening China-Indonesia energy cooperation is not only necessary to enhance the energy supply stability of both countries and to support their sustained economic growth, it also serves as a robust guarantee …

Vietnam allows big companies to buy clean energy directly to meet their climate targets
5 months ago

Vietnam allows big companies to buy clean energy directly to meet their climate targets

Associated Press  

HANOI, Vietnam — Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country’s overstrained grid. About 20 large companies are interested in buying clean energy directly from producers, according to a survey conducted by Vietnam’s Ministry of Industry and Trade, with …

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024
7 months, 1 week ago

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

Hindustan Times  

By Sudarshan Varadhan Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024 BANGKOK, - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron. …

Southeast Asian countries consider ways to boost 'green financing' as region chokes on smog
8 months, 2 weeks ago

Southeast Asian countries consider ways to boost 'green financing' as region chokes on smog

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

The Case for a More Ambitious Indonesia-US Partnership
10 months ago

The Case for a More Ambitious Indonesia-US Partnership

The Diplomat  

In a global system characterized by geopolitical turbulence, Indonesia stands as a rising economy and key player in international affairs. Moreover, Indonesia’s new cutting-edge solar power plants demonstrate its “understanding of the need to innovate to meet its ambitious sustainability and net-zero targets,” as the Wall Street Journal wrote in a recent article However, as suggested by journalists, activists, and …

Indonesian presidential vote highlights tradeoffs between fast growth and a healthy environment
10 months, 2 weeks ago

Indonesian presidential vote highlights tradeoffs between fast growth and a healthy environment

Associated Press  

JAKARTA, Indonesia — A presidential election in Indonesia, the world’s third-largest democracy, is highlighting choices to be made as the country seeks to profit from its rich reserves of nickel and other resources that are vital to the global transition away from fossil fuels. President Joko Widodo capitalized on Indonesia’s abundant nickel, coal, oil and gas reserves as he led …

Indonesia and Vietnam discuss South China sea and energy issues as Indonesian president visits
11 months, 1 week ago

Indonesia and Vietnam discuss South China sea and energy issues as Indonesian president visits

Associated Press  

HANOI, Vietnam — Indonesia’s president visited Hanoi on Friday for talks with his Vietnamese counterpart on maritime security in the disputed South China Sea, bilateral cooperation and environmental issues. After meeting Indonesia’s Joko Widodo, Vietnamese President Vo Van Thuong issued a statement stressing the need for stability in the South China Sea. Indonesia and China enjoy generally positive ties, but …

Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28
1 year, 1 month ago

Vietnam’s plan for spending $15.5 billion for its clean energy transition to be announced at COP28

Associated Press  

HANOI, Vietnam — A plan for how Vietnam will spend $15.5 billion to transition to cleaner energy has been finalized and will be announced at the COP28 climate conference, which begins in Dubai next week. The United Kingdom is co-chair of a group of nine, rich industrialized nations that have agreed to provide the $15.5 billion to help Vietnam end …

Climate change and the shift to cleaner energy push Southeast Asia to finally start sharing power
1 year, 2 months ago

Climate change and the shift to cleaner energy push Southeast Asia to finally start sharing power

Associated Press  

Hanoi, VIETNAM — The urgency for Southeast Asian nations to switch to clean energy to combat climate change is reinvigorating a 20-year-old plan for the region to share power. The Association of Southeast Asian Nations or ASEAN is a political and economic gathering of 10 countries across a vast region, from tiny Brunei and Singapore to military-controlled Myanmar and fast-rising …

A plan for how Indonesia will spend $20 billion to transition to cleaner energy has been submitted
1 year, 4 months ago

A plan for how Indonesia will spend $20 billion to transition to cleaner energy has been submitted

Associated Press  

JAKARTA, Indonesia — A plan for how Indonesia will spend $20 billion to transition to cleaner energy was submitted Wednesday to the government and its financing partners, the planners said. Indonesia’s Just Energy Transition Partnership deal was announced last year and aims to use the funds over the next three to five years to accelerate retirement of the nation’s coal …

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix
1 year, 6 months ago

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix

Associated Press  

JAKARTA, Indonesia — Power outages are leaving Vietnamese homes and businesses without power for hours at a time, as a prolonged drought and high temperatures strain the fast-growing economy’s capacity to keep up. “We need power to operate the machines.” The national energy plan, called Power Development Plan 8 or PDP8, aims to more than double the maximum power Vietnam …

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix
1 year, 6 months ago

Long-awaited Vietnam energy plan aims to boost renewables, but fossil fuels still in the mix

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “We need power to operate the machines.” The national …

Shift to clean energy accelerating, but coal investments too high, report says
1 year, 6 months ago

Shift to clean energy accelerating, but coal investments too high, report says

Associated Press  

JAKARTA, Indonesia — Energy security concerns — worsened by the war in Ukraine — and policy support from rich countries are likely to help investments in clean energy outpace spending on fossil fuels, the International Energy Agency said in a report issued Thursday. “There’s still a very long way to go, but there are finally some encouraging signs for us …

Indonesia promises move to clean energy, but challenges loom
1 year, 10 months ago

Indonesia promises move to clean energy, but challenges loom

Associated Press  

SAMARINDA, Indonesia — In Indonesia’s region of East Kalimantan, the country’s dependence on coal is on full display. “Industrialized nations can support us.” A man walks past a small solar panel he uses for back up, outside his house on Karampuang Island, in West Sulawesi, Indonesia, Thursday, Dec. 22, 2022. “Although that is bound to change with JETP.” A man …

Almost 90% of coal plants must close to limit global heating to 1.5C, report warns
2 years, 1 month ago

Almost 90% of coal plants must close to limit global heating to 1.5C, report warns

The Independent  

Global coal use must be slashed by 90 per cent by 2050 if the world is to meet its net zero goals and limit global heating to 1.5C, a new report warns. “Over 95 per cent of the world’s coal consumption is taking place in countries that have committed to reducing their emissions to net zero,” said IEA executive director …

Indonesia signs deals to accelerate clean energy transition
2 years, 1 month ago

Indonesia signs deals to accelerate clean energy transition

Associated Press  

NUSA DUA, Indonesia — Indonesia signed deals with international lenders and major nations on Tuesday that will bring billions of dollars in funding to help the country increase its use of renewable energy and reduce its reliance on coal. “In today’s world, climate change is a global emergency,” said Luhut Binsar Pandajaitan, Indonesia’s coordinating minister of maritime and investment affairs. …

Southeast Asia’s Renewable Energy Puzzle
3 years, 1 month ago

Southeast Asia’s Renewable Energy Puzzle

The Diplomat  

Southeast Asian economies are growing fast, and investment in energy infrastructure to fuel that growth is racing to keep up. Thailand’s domestic production of natural gas, its largest fossil fuel resource, peaked in 2014 and after that the onboarding of renewables like solar increased at a much quicker pace. In other words, when the ability of the state to determine …

The ADB’s plan to help phase out coal may not achieve much
3 years, 1 month ago

The ADB’s plan to help phase out coal may not achieve much

Live Mint  

The Asian Development Bank and other financial institutions will take an ambitious proposal to end Southeast Asia’s coal addiction to the CoP-26 climate talks. Indonesia, the Philippines and Vietnam, its three pilot countries, have young power plants, opaque long-term pricing agreements, and do not yet make carbon emissions sufficiently costly. But as the plan’s detail are laid out, institutions supporting …

This coal plan offers only half a solution
3 years, 1 month ago

This coal plan offers only half a solution

Live Mint  

The Asian Development Bank and a handful of financial institutions will take an ambitious proposal to end Southeast Asia’s coal addiction to the COP26 climate talks. Indonesia, the Philippines and Vietnam — the three pilot countries — have young power plants, opaque long-term pricing agreements, and do not yet make carbon emissions sufficiently costly. This isn’t one nation in crisis …

Asia disputes IEA’s call to curb new oil, gas, coal investments
3 years, 7 months ago

Asia disputes IEA’s call to curb new oil, gas, coal investments

Al Jazeera  

The International Energy Agency this week outlined a path to net-zero emissions, but some Asian nations and companies pushed back. Asian energy officials on Wednesday disputed a call from the International Energy Agency for no new oil, natural gas and coal investments for the world to be able to reach net-zero carbon emissions by 2050, viewing that approach as too …

Clare Richardson-Barlow
4 years ago

Clare Richardson-Barlow

The Diplomat  

Inextricable from discussions of climate change are conversations about energy. Richardson-Barlow walks us through Asia’s energy quandaries, the implications of cross-border electricity trade, and China’s role as both a top-user of coal and leader in clean energy development. Sixty-five million people in Southeast Asia remain without access to reliable electricity, and the power sector continues to be the primary focus …

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