Posted 3/25/2024, 2:27:00 AM
Indonesia Scales Back Renewable Energy Goals Due to Inflation and Cost Pressures
- Indonesia lowered renewable energy targets for 2025 and 2030 due to inflation and financing challenges
- Original 2025 target was 23% but has been reduced to 17%-19%
- Indonesia has set a 70% renewables target for 2060 but says original 2025 goal was out of reach
- Currently only 13% of Indonesia's energy comes from renewables
- The rising costs of metals and minerals for EVs has contributed to “greenflation” in Southeast Asia
