Electricity Supply Business Plan (RUPTL) can be completed next month before Indonesia participates in the Conference of the Parties 28 (COP-28) in Dubai

Kontan.co.id wrote about the Ministry of Energy and Mineral Resources (ESDM) hopes that the Electricity Supply Business Plan (RUPTL) can be completed next month before Indonesia participates in the Conference of the Parties 28 (COP-28) in Dubai, United Arab Emirates on 30 November-12 December 2023. The Director General of Electricity at the Ministry of Energy and Mineral Resources, Jisman P Hutajulu, stated that currently the RUPTL revision is still in process. The current position is that the government will approve the National Electricity General Plan (RUKN) first, then the RUPTL will follow. Later, RUKN will accommodate Indonesia's target of achieving Net Zero Emissions by 2060. By reducing the role of coal-fired power plants in Indonesia's electricity system, the position of new renewable energy will automatically increase to compensate for the decline in electricity supply and fulfill the increase in energy demand in the future. However, the diversion of fossil electricity flows cannot simply be converted to renewable energy. In the RUPTL which is still in process, gas-powered generators will be relied on as a transition bridge.

 

Liputan6.com wrote about the Financial Services Authority (OJK) and the Indonesia Stock Exchange (BEI) as the organizers of the carbon exchange which will launch a new project from the coal-fired power plants (CFPPs) in Jakarta. The project is planned to launch on October 23, 2023. Chief Executive of the OJK Capital Market, Financial Derivatives and Carbon Exchange Supervision, Inarno Djajadi, said that the CFPPs would use new renewable energy (NRE) instead of previously using coal. So, later there will be carbon units that can be produced. Apart from that, the Financial Services Authority (OJK) admits that it is currently revising the green taxonomy into a sustainable taxonomy. This is in line with the approach taken by ASEAN, namely encouraging aspects of sustainable development comprehensively. Chairman of the OJK Board of Commissioners, Mahendra Siregar, said that what currently exists is the first version of the green taxonomy in Indonesia. This is currently being revised, it will later become a taxonomy for Indonesia's sustainable development. This revision of the green taxonomy not only affects the financial services sector, but also the real sector. The priority in ASEAN's sustainable development is the energy transition. This energy transition will be the first taxonomy to focus on. Currently, the most important thing is how Indonesia prepares its existing infrastructure with complete taxonomies and various instruments related to standard best practice reporting and governance that can be deployed consistently and relevantly to Indonesia's interests.