Strategic Exploration of Economic Mitigation Potentials through Renewables (ExploRE)
Project description
Title: Strategic Exploration of Economic Mitigation Potentials through Renewables (ExploRE)
Commissioned by: Federal Ministry for Economic Affairs and Climate Action (BMWK)
Financier: International Climate Initiative (IKI)
Country: Indonesia
Lead executing agency: Directorate General of New, Renewable Energy, and Energy Conservation, Ministry of Energy and Mineral Resources, Republic of Indonesia
Overall term: 2018 to 2025
Context
Indonesia has committed itself to achieving specific climate goals in line with the 2015 Paris Agreement (COP 21). Under the Nationally Determined Contributions (NDCs), Indonesia aims to reduce its greenhouse gas emissions by 29 per cent by 2030, or by as much as 41 per cent with international support. The energy sector is expected to contribute to a CO2 reduction of 314 million tonnes. In a joint effort to reach this goal, stakeholders in Indonesia are currently working on a strategy for the deployment of renewable energy technology that will bring both technical and economic benefits.
Objective
Private sector investment in Renewable Energy (RE) is increased and economic and social development options are strengthened through the use of RE for reliable and sustainable energy supply.
Approach
ExploRE bases its strategic approach on the study “Fundamentals for a Successful RE Deployment for Indonesia”. The study was part of the predecessor project LCORE-INDO from 2012 to 2018. ExploRE uses studies, innovative pilot projects, capacity-building measures and stakeholder engagements.
ExploRE creates synergies between key stakeholders from the government, private companies, financial institutions and international organisations.
The project particularly strengthens coherence and inter-ministerial cooperation. In this way, the national climate goals are to be effectively achieved within the context of a reliable and least-cost-based electricity supply.
Last update: Februar 2022
