Indonesia joins UN-led Energy Compacts, commits US$122 billion to SDG7
Jakarta, Feb. 1 -- Indonesia has officially launched its Energy Compact, joining a global community of member states and non-state actors who have made commitments towards Sustainable Development Goal 7 (SDG7) and net-zero goals.
This marks a significant milestone in the nation's energy transition trajectory and aligns with the country's Roadmap for Sustainable Development Goals, the UN noted in a statement on its website, Thursday.
Finance committed under this Energy Compact is substantial, exceeding US$122 billion (Rp1.92 quadrillion), for which several financing strategies are being considered. It will be used to increase the share of renewable energy, targeting 23 percent by 2029, with a focus on significant solar and wind power cap...
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