Despite the continued reliance on fossil fuels by several Southeast Asian countries, many governments in the region are going full steam ahead on energy transition plans, as they invest heavily in renewables and clean tech. Thanks to funding from international donors, some countries in Southeast Asia are finally able to plan for a greener future, as they establish strategies to eventually decarbonise their economies in line with a global green transition.
The plan outlines the aim of cutting grid emissions to 250 million metric tonnes of CO2 by 2030, marking an improvement on the previous estimate of over 350 million. Indonesia aims to increase the contribution of renewable energy to the total energy mix to 44 percent by 2030, from just 12 percent in 2022. Indonesia continues to rely heavily on coal, as the world's largest exporter of coal for electricity.
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