JAKARTA (The Jakarta Post/ANN): Indonesia’s readiness to shift toward a clean energy economy took another step back last year because of fossil fuel subsidies and faces a monumental hurdle this year as a result of the coronavirus pandemic.
Indonesia’s ranking fell seven places to 70th out of 115 countries surveyed in this year’s Energy Transition Index (ETI), down from 63rd last year. The index is compiled annually by the World Economic Forum (WEF) think tank, which also described this year as a period of historically “unmatched economic instability” due to Covid-19.
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