The government is committed to achieving net zero emission target by 2060 by reducing its dependency on coal and at the same time developing renewable energy generation.
The government has prohibited the construction of new coal power plants and will terminate the operation of coal power plants in stages that will make coal demand in the general electricity sector start to decline to only 150.0 Mt in 2040 and only 19.0 Mt in 2050 before down to zero in 2060.
In 2022, Indonesia is eying to produce 663 million tons with domestic coal use up to 165.7 million tons. Most of coal for the domestic utilization, around 100 million tons, is dedicated for electricity generation.
Many still believe that during energy transition period, coal as reliable and affordable energy source is still required to generate electricity for most emerging countries in Asia, including Indonesia. The government encourages domestic coal utilization for industrial purposes, such as local smelter and cement industries and the development of domestic coal downstream projects such as coal to dimethyl ether (DME) and coal to methanol to support domestic gas and chemical industries.
In the meantime, Indonesia’s coal export to traditional export market of China and India continue to increase this year.
The Central Statistics Agency (BPS) reported Indonesia’s coal export to Europe also jumped by 143.7 percent to US$191.2 million in the second quarter of this year compared to $78.4 million in the first quarter with the largest coal export destinations of Italy, the Netherlands, Poland and Switzerland.
The conference would explore the critical factors on will the coal survive amid global energy transition?
The conference would also highlight the future of traditional markets of China, India, Japan, Taiwan and Korea as well as the European countries as well as the issues that will shape the future of metallurgical and coking coal.