Francesco La Camera

Director-General

The 10th Indonesia EBTKE Conex. 22 November 2021

Renewable Share of Annual Power Capacity Expansion

For the past seven

years, more
renewable power
was added to the
grid annually than
fossil fuels and
nuclear combined.

2
 Falling power generation costs

• RE generation cost
decrease and
increasing
competitiveness
• ASEAN PV costs are
in line with global
cost
• Enabling
frameworks and
power system
flexibility are
needed

3
Renewables, efficiency and electrification dominate energy transition

90% of all decarbonisation in 2050 will involve renewable energy through direct supply
of low-cost power, efficiency, electrification, bioenergy with CCS and green hydrogen.
4
Investment and policy choices in the coming decade will define the pathway to 2050

Guiding framework of WETO theory of change

5
New investment priorities: renewables, efficiency and electrification

6
Every USD 1 spent on the energy transition yields between USD 2 and USD 5.5
Cumulative difference between costs and savings of 1.5oC Scenario compared to the PES, 2021-2050

7
The 1.5oC Pathway provides a boost in global GDP
GDP difference between the 1.5°C Scenario and PES, with GDP drivers

8
Renewable energy jobs will increase to 43 million in 2050

9
Energy transition requires a comprehensive policy framework

10
 Supporting Energy Transition in ASEAN and Indonesia

ASEAN-IRENA MoU, signed on October 2018 at ASEAN Ministers on Energy meeting and SIEW.
▪ To facilitate scaling up of renewables and support regional energy blueprint (APAEC)
▪ Priority for 2021/2022
o The 2nd Renewable Energy Outlook for ASEAN: Towards Regional Energy Transition
o Socio-economic impacts of the energy transition: The case of Southeast Asia
o Biomass strategies for sustainable bioenergy production in Southeast Asia
o Investment Forum Southeast Asia

IRENA – Indonesia Partnership Agreement, signed on November 2021 at COP 26

▪ Areas of cooperation
o Indonesia Energy Transition Outlook and Power Flexibility Assessment
o Socio-Economic Impacts of the Indonesian Energy Transition
o Supporting access to climate finance and investments in renewable energy
o Support energy transition agenda in G20 Presidency 2022 and ASEAN
Chairmanship 2023

11
Thank you!