The Future Path of Indonesian Renewable Energy
Date : Monday, 3 December 2018
Time : 12.30 – 13.50
Venue : Indonesia Pavilion at COP 24, Zone E, GF Spodek Arena, Katowice, Poland
Indonesia continues to promote efforts to increase renewable energy in its energy mix, following its ambitious target for emission reduction in accordance to the Paris Agreement. Indonesia targets emission reduction of up to 29% by its own effort and up to 41% with international support by 2030, as described in Indonesia’s Nationally Determined Contributions (NDC). The target proportion of emission reduction from the energy sector is 11%, while also aiming for 23% energy coming from new and renewable energy by 2025.
At the same time, the cost of renewable energy is decreasing significantly throughout the world—particularly in the Solar PV sector – reaching unprecedented lows with no indication of slowing down anytime soon. Declining technological costs, improved capacity, and better procurement methodologies have played a key role in lowering the project costs and making renewable energy more affordable. This session will explore the future path of Indonesian renewable energy from the perspective of practitioner, businessman and also from the global trends perspectives.