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Alarm Bells for Indonesia’s Coal Economy

Along with South Korea and Japan, China contributes 95 percent of global funding for coal-fired steam power plants (PLTU). They are also major consumers of coal.

By
Kompas Team
· 5 minutes read
https://cdn-assetd.kompas.id/6HRbRCK5TsNNzz6n2T9RCxQZwOE=/1024x671/https%3A%2F%2Fkompas.id%2Fwp-content%2Fuploads%2F2021%2F09%2FFILES-CHINA-UN-SUMMIT-CLIMATE_99148682_1632332769.jpg
(PHOTO BY GREG BAKER / AFP)

In this file photo taken on November 19, 2015, smoke belches from a coal-fueled power station near Datong, in China\'s northern Shanxi province. - China will stop funding coal projects overseas, President Xi Jinping announced on September 21, 2021, all but ending the flow of public aid for the dirty energy contributing to the climate crisis.

The green economy has become the world’s mainstream. Unless it undertakes the transformation without delay, Indonesia, which relies on coal exports and energy, will face difficulties and be left behind.

NEW YORK, WEDNESDAY—Sunset is fast approaching coal-based industry and energy. One after another, the major coal-investor countries are discontinuing their funding for the sector. The best choice for Indonesia, whose economy relies considerably on coal, is to promptly transform into a green economy and earn value added.

Editor:
naranasrullah
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