Abstract
The power sector in Indonesia has a significant chance to contribute to the accomplishment of the national emission mitigation target towards NZE (Net Zero emissions) in 2060. In this study, a quantitative evaluation was used to explore and analyze the effectiveness of mitigation efforts toward energy saving potential and GHG emission reduction, as well as the cost-effectiveness of mitigation actions based on the AIM/end-use model. The RUPTL mitigation efforts (CM1 & CM2) contribute 40% (CM1) and 46% (CM2) of the energy sector’s First NDC GHG emission reduction target. Through CM3, the power sector will peak GHG emissions in 2035. This will lead to carbon neutrality by 2060. The considerable reduction in GHG emissions is affected by new and renewable development, low carbon technologies, coal phase-out, and the integration of CCS technology with an additional investment cost of 1810 billion USD or 48 million USD/year (2022-2060). Deep decarbonization in CM3 could enable the power sector avoid carbon taxes and gain revenue $2.2 billion in 2060 from carbon trading.
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