Indonesia says it could reach net-zero emissions by 2055
if it receives financial and technology support, Indonesia’s Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said on Tuesday.
“I believe with the technology, with collaboration, with the spirit of the government of Indonesia, the people of Indonesia, we can do it earlier than 2060. I hope that we can do it maybe by 2055 or earlier,” Mr Luhut said on the sidelines of the Ecosperity Week conference in Singapore. Earlier media reports had said Indonesia planned to prohibit the export of LNG to meet domestic supply needs. Mr Luhut had been quoted by Indonesian media as saying the ban would not affect ongoing export contracts, but that the policy would apply for contract renewals.
The 2060 goal is part of Indonesia’s formal climate target submitted to the United Nations Framework Convention on Climate Change. Known as the Just Energy Transition Partnership, it will help the country ramp up its use of renewable energy and help workers in the polluting coal sector to transition to clean-energy jobs.An initial US$10 billion in public funding will be provided over a three-to-five year period, and is contingent on the country peaking and limiting power sector emissions at 290 million tonnes by 2030.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Indonesia inflation returns to central bank target range in MayJAKARTA : Indonesia's annual inflation rate eased to 4 per cent in May, matching the upper end of the central bank's target range earlier than expected, data from the statistics bureau showed on Monday.Inflation in Southeast Asia's largest economy had been above Bank Indonesia's (BI) 2 per cent to 4 per c
Read more »
Indonesia inflation eases to central bank target sooner than expectedJAKARTA : Indonesia's annual inflation rate eased to 4 per cent in May, matching the upper end of the central bank's target range earlier than expected, data from the statistics bureau showed on Monday.Inflation in Southeast Asia's largest economy had been above Bank Indonesia's (BI) 2 per cent to 4 per c
Read more »
Indonesia kicks off multilateral naval exercise amid Asia-Pacific tensionJAKARTA: Indonesia on Monday (Jun 5) launched a multilateral naval exercise in its waters, alongside navies from countries including the United States, Britain, China, Japan, Russia and South Korea, amid simmering tensions in the Asia-Pacific region. Indonesia's navy said in a statement the routine Komodo
Read more »
Indonesia kicks off multilateral naval exercise amid Asia-Pacific tensionJAKARTA - Indonesia on Monday (June 5) launched a multilateral naval exercise in its waters, alongside navies from countries including the United States, Britain, China, Japan, Russia and South Korea, amid simmering tensions in the Asia-Pacific region. Indonesia's navy said in a statement the routine Komodo drills were a 'non-war' exercise that aims to 'strengthen relationships between the navies' of...
Read more »
Indonesia proposes demilitarised zone, UN referendum for Ukraine peace planIndonesia's defence minister on Saturday (June 3) proposed a peace plan to end the war in Ukraine, calling for a demilitarised zone and a United Nations referendum in what he called disputed territory. Ukrainian foreign ministry spokesperson Oleg Nikolenko dismissed the plan, reiterating Kyiv's position that Russia should withdraw its troops from Ukraine. Prabowo Subianto called on defence and military...
Read more »
Nestapa pesepak bola Indonesia setelah pensiun: Terpaksa jual medali untuk berobatPengamat mengatakan, perbaikan pada ekosistem sepakbola Indonesia seharusnya tidak hanya berkutat pada masalah infrastruktur dan peraturan keselamatan, tetapi juga tentang kesejahteraan pemain setelah mereka pensiun.
Read more »