De-risking facilities for the Development of Renewable Power Sector in Indonesia
To shift the current degrading trajectory of its energy profile, Indonesia faces various challenges. The UNDP (2013) identifies two types of instruments that serve as pertinent tools to address the issue of renewable energy development, namely policy de-risking instruments and financial de-risking instruments. While both have been proven effective in many countries to improve the rate of the development of renewable energy, this study suggests that currently Indonesia needs to prioritise policy de-risking instruments over financial de-risking instruments.