Climate Politics
Indonesia’s $600 Billion Plan to Shut Coal Plants Struggles for Support
- Government trying to balance growth against renewables drive
- Roadshows for transition funding not luring investor interest
A coal port in West Java, Indonesia.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia’s plan to retire its coal-fired power plants over the next three decades and replace them with cleaner energy isn’t drawing support from potential investors.
Southeast Asia’s largest economy will need $600 billion to phase-out 15 gigawatts of coal generation and add a similar amount of renewable capacity over the period, State-owned Enterprises Minister Erick Thohir said in an interview late Thursday.