Business News
Indonesia's electricity body PLN pledges carbon neutrality by 2050
State-owned electricity monopolist PLN has pledged to become carbon neutral by 2050 with a plan to phase out fossil fuel-fired power plants and use more renewable energy in its networks.PLN president director Zulkifli Zaini said the company was planning to develop new solar and wind power plants, mix biomass with…
Electric motorbikes to lead EV adoption in Indonesia
The demand for electric motorcycles is projected to pave the way for electric vehicle (EV) adoption in Indonesia as the bikes would become cost-competitive with regular motorcycles by 2022, a study has shown.The study by consulting firm McKinsey & Company showed that the total cost of owning an electric two-wheeled…
Indonesia will become Chair of ASEAN in 2023
JAKARTA - Indonesia will again become chairman of the Association of Southeast Asian Nations (ASEAN) in 2023. Previously, Indonesia has been the Chair of ASEAN three times. During his tenure at that time, various big ideas were born that became the landscape for ASEAN cooperation. So in his fourth leadership,…
Italy’s plan for stimulus funds bucks the EU’s ‘go green’ vision
The EU is billing its 750 billion euro (US$903 billion) Recovery Fund as the opportunity of the century to transform the region’s economy and help it lead the world in reducing carbon emissions.However, a closer look by environmentalists at the spending plan prepared by Italy — the biggest recipient of…
