Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Huawei Cloud Summit Middle East Africa 2023 Kicks Off in Dubai

    March 21, 2023

    CCTV+: Video Series on Classics Quoted by Xi to Be Aired on Russian Media

    March 21, 2023

    EYouth partners with iMocha to validate user’s learning journey

    March 21, 2023
    Facebook Twitter Instagram
    Amman PressAmman Press
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • More
      • Sports
      • Technology
      • Travel
    Amman PressAmman Press
    You are at:Home » Clean energy transition to help Indonesia to diversify its economy – IEA
    News

    Clean energy transition to help Indonesia to diversify its economy – IEA

    September 3, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    A recently released IEA report says Indonesia has a realistic opportunity to achieve the goal of net zero emissions by 2060. This will result in more affordable and secure energy supplies for its citizens. As the world’s fourth most populous country enters a key phase of its economic development, key policy reforms and international support are crucial to the success of the clean energy transition. An IEA-led Energy Sector Roadmap to Net Zero Emissions in Indonesia, developed in collaboration with the Indonesian Ministry of Energy and Mineral Resources (MEMR) at the request of the Indonesian Government, was launched at Bali’s first G20 Energy Transitions Ministerial Meeting.

    Clean energy transition to help Indonesia to diversify its economy - IEAA Joint High-Level Statement, based on the Roadmap’s recommendations, was also signed by the IEA Executive Director Fatih Birol and Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif. By 2045, Indonesia aims to become an advanced economy by embracing the clean energy transition. Achieving net zero emissions and advanced economy status requires innovation, knowledge, technology, and economic diversification, according to the IEA Roadmap.

    As a result of reaching net zero by 2060, Indonesia would reduce total household energy costs as a share of income. By 2030, the country’s oil import bills would be reduced by one-third if the pathway to net zero by 2060 is followed. Consequently, the extra cost of the transition in terms of increased investments would be covered by the savings on oil imports alone, making the transition cost-effective. This analysis shows that a more ambitious transition by Indonesia and other countries would result in even wider savings. This is as envisaged in the IEA’s global Net Zero Emissions by 2050 scenario.

    Related Posts

    Global climate action will be supported by Egypt and UAE at COP28

    By Elsabeth SchneiderMarch 10, 2023

    German Chancellor Olaf Scholz meets with PM Modi in New Delhi

    By Elsabeth SchneiderFebruary 25, 2023

    About 2 million air fryers were recalled because of fire hazards

    By Elsabeth SchneiderFebruary 24, 2023

    North Korea test fires cruise missiles

    By Elsabeth SchneiderFebruary 24, 2023
    Latest News

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    The Egyptian Foreign Minister, Sameh Shoukry, reiterated Egypt’s commitment to continuing to work closely with…

    Exercise at certain times of the day increases longevity

    February 25, 2023

    German Chancellor Olaf Scholz meets with PM Modi in New Delhi

    February 25, 2023

    Apple Watch may soon offer no-prick glucose monitoring

    February 24, 2023

    About 2 million air fryers were recalled because of fire hazards

    February 24, 2023

    North Korea test fires cruise missiles

    February 24, 2023
    © 2023 Amman Press | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.