Jakarta, CNBC Indonesia – In the year coal touched a record high price, many analysts, economists and market players predict that ‘black gold’ which currently contributes greatly to the Indonesian economy, will in the not too distant future become part of the history books.
The real coal has long been predicted to be removed, but until some time ago there was no definite time agreed upon together by the world’s most influential group of individuals who just met in Glasgow earlier this week.
The United Nations Climate Change Conference, also known as COP26, which will be held in the Scottish capital this year, will officially end next week, but the main event, namely the meeting of world leaders to discuss policy directions to avoid the world climate crisis, has been completed.
Various important decisions with big consequences for the world economy are discussed in depth, especially related to environmental and energy issues.
Around 190 countries and organizations attending the Glasgow COP26 summit reportedly signed an agreement to retire coal-fired power plants. This is to prevent the threat of climate change caused by burning fossil fuels that are not environmentally friendly.
The agreement includes 18 countries that for the first time pledged to retire or stop investment in new coal-fired power plants at home and abroad.
The list includes major coal-using countries, including Canada, Poland, Ukraine and Vietnam. They have committed to phase out coal-fired power generation by the 2030s for developed countries and large economies and by the 2040s for smaller economies.
From within the country itself, it is reported that Indonesia is ready to ‘retire’ coal-fired power plants early in 2040 as a form of Indonesia’s commitment in anticipating climate change that threatens the world.
This is much faster than the initial estimate that coal cessation could only be carried out in 2056, so that by 2060 Indonesia could achieve zero carbon emissions.
In fact, apart from the commitments of world leaders, the trend that mankind is starting to abandon this commodity formed from plant fossils was already evident long before this year’s COP26 Summit.
Here are some facts that prove that the coal ‘doomsday’ is indeed getting closer.
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