Indonesia’s near-term coal reliance could grow with Prabowo’s nickel focus
Investors will be watching the new administration’s policies on mitigating emissions
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INDONESIA’S need for coal could rise in the years ahead, with incoming president Prabowo Subianto’s focus on economic growth and nickel processing.
This comes even as the country seeks to wean itself off the fossil fuel, with a US$20 billion plan to finance the transition under the Just Energy Transition Partnership (JETP) mechanism.
Investors will be watching the new administration’s rhetoric and policies on mitigating emissions impact and pursuing its established green ambitions, industry players told The Business Times.
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