Asia Pacific > Investment of $37 bln to retire Indonesia’s coal fleet by 2040 more cost-effective than prolonging subsidies for fossil fuel power -report

Investment of $37 bln to retire Indonesia’s coal fleet by 2040 more cost-effective than prolonging subsidies for fossil fuel power -report

Published 00:01 on October 13, 2022  /  Last updated at 02:10 on October 13, 2022  /  Asia Pacific, Other APAC  /  No Comments

Indonesia would be able to exit coal-fired power by 2040 with investments of $37 billion, but this cost compares favourably over the long term with recent annual subsidies to coal plants amounting to $10 bln annually and the high cost of deploying CCUS, according to research released on Thursday.

Indonesia would be able to exit coal-fired power by 2040 with investments of $37 billion, but this cost compares favourably over the long term with recent annual subsidies to coal plants amounting to $10 bln annually and the high cost of deploying CCUS, according to research released on Thursday.

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