Indonesia can save $98 billion on fuel import bill in 2050 if it sticks to net-zero pledges: Report

SINGAPORE – Indonesia can significantly lower the costs of fuel imports if it sticks to its net-zero pledges that include a comprehensive clean energy transition plan, noted an International Energy Agency (IEA) report.

It found that the country’s import bill could drop to around US$30 billion (S$42 billion) by 2050 if it hits its targets and switches out of fossil fuels into cleaner energy sources and renewables.