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’Greenflation‘ has become a factor to countries in Southeast Asia, including Indonesia and Vietnam, in lowering their commitments to renewable energy targets. Meanwhile, in Malaysia, the weakening currency is hindering the funding for decarbonization efforts, according to Nikkei Asia.
On Mar. 26, The General Director of New and Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM), Eniya Listiani Dewi, expressed concerns regarding Indonesia’s ability to achieve the target of 23% renewable energy sources by 2025 due to failure to meet last year’s realization, which stood at only 13.2%.
