Policymakers must discard the 'grow now, clean later' model, attract investment in renewables and collaborate, according to a former senior advisor for the Executive Office of the President of the Republic of Indonesia.
Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply. Updates on the pending transaction are expected at COP29.