The Southeast Asian nation has the largest geothermal reserves in the world, but experts are split over whether game-changing amounts of energy can be produced given the costs of drilling and insufficient government support.
The plan aims to restrict peak CO2 emissions from the power sector to 250 million tons, allowing Indonesia to generate 44 per cent of its energy from renewables by 2030.
The US will clarify an IRA provision that stipulates EVs benefiting from tax deductions cannot contain components made by a ‘foreign entity of concern’, a restriction that observers say aims to combat Chinese dominance in the industry.