The country plans to retire all coal-fired power plants by 2040, bringing forward its previous target of 2056. Credit: Fiordaliso/Shuttrstock.

Indonesia’s President Prabowo Subianto has announced plans to retire all coal-fired power plants by 2040, bringing forward the country’s previous target of 2056, as reported by Argus. 

Speaking at the G20 Summit in Rio de Janeiro, Brazil on 19 November 2024, Subianto emphasised global collaboration for a green energy transition and expressed optimism about achieving net zero emissions before 2050.

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“We plan to build more than 75GW of renewable energy in the next 15 years [to replace coal-fired power],” said Subianto.

Indonesia’s deputy minister of energy and mineral resources, Yuliot Tanjung, acknowledged the country’s heavy reliance on coal for electricity.

Tanjung highlighted Indonesia’s potential for solar and hydropower generation, citing the need for technological advancements and significant investment to harness these resources effectively.

According to Global Energy Monitor, Indonesia has the world’s fifth-largest operating coal-fired power capacity at 52.31GW, with an additional 9.81GW under development.

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Only 15% of Indonesia’s current installed 90GW generation capacity is powered by renewables.

Despite a 2021 commitment to halt new coal-fired projects after 2023, proposals for new projects have continued in 2024.

Coal remains a critical component in Indonesia’s industrial sector, contributing to a record domestic coal production of 720mt up to late 2024.

The energy and mineral resources ministry forecasts 2024 output to exceed 800mt, surpassing the 775mt projected for 2023, if current trends persist.

Indonesia and the Philippines are the most coal-reliant countries in Southeast Asia, according to energy think-tank Ember.

Indonesia recently unveiled plans to facilitate international investors to develop 75GW of renewable power in the country up to 2038.

Described as one of the world’s largest greenhouse gas emitters, Indonesia aims to achieve carbon neutrality by 2060. This includes phasing out coal-fired power plants and transitioning to renewable energy sources.