if it receives financial and technology support, Indonesia’s Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said on Tuesday.
“I believe with the technology, with collaboration, with the spirit of the government of Indonesia, the people of Indonesia, we can do it earlier than 2060. I hope that we can do it maybe by 2055 or earlier,” Mr Luhut said on the sidelines of the Ecosperity Week conference in Singapore. Earlier media reports had said Indonesia planned to prohibit the export of LNG to meet domestic supply needs. Mr Luhut had been quoted by Indonesian media as saying the ban would not affect ongoing export contracts, but that the policy would apply for contract renewals.
The 2060 goal is part of Indonesia’s formal climate target submitted to the United Nations Framework Convention on Climate Change. Known as the Just Energy Transition Partnership, it will help the country ramp up its use of renewable energy and help workers in the polluting coal sector to transition to clean-energy jobs.An initial US$10 billion in public funding will be provided over a three-to-five year period, and is contingent on the country peaking and limiting power sector emissions at 290 million tonnes by 2030.