Indonesia Takes Huge Steps Toward Renewable Energy Expansion

Today’s ESG Updates

• Indonesia Taking Steps Toward Renewable Energy: Indonesia aims to increase to 103 GW of cleaner energy by 2040, including 10 GW of nuclear.
• ITER Fusion Project Hits Key Milestone: The ITER fusion project completed powerful magnet, advancing efforts to generate clean energy.
• UK to Mandate Solar Panels on New Homes: The UK will require solar panels on all new homes by 2027.
• 82% of Tax Leaders Expect Greater Transparency: A Deloitte survey found tax leaders foresee stricter public tax disclosure and growing ESG compliance.

Indonesia taking steps toward renewable energy

As one of the largest emitters of greenhouse gases globally, Indonesia plans an increase in power capacity by 2040. This 103 GW increase will be composed of 10 GW of nuclear energy, 75 GW from solar, wind, geothermal, and biomass sources, and the remaining 18 GW from natural gas. Currently sitting at a power capacity of 90 GW, this expansion will increase the country’s capabilities while decreasing its reliance on fossil fuels, with coal accounting for more than half of its energy sources. The country currently lacks any nuclear power plants, and renewable energy sources make up about 15GW of its current capacity. A senior aide to the country’s president expects that contracts will be awarded in the next five years. 

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Further reading: Indonesia plans 10 GW nuclear power in major renewable energy push, presidential aide says

Nuclear fusion made possible with the completion of world’s most powerful magnet

Over 30 countries, including the United States, the European Union, China, Japan, and Russia, continue to collaborate on the International Thermonuclear Experimental Reactor (ITER) project amid growing global tensions. This nuclear fusion project aims to generate clean energy by combining and fusing plasma particles in a magnetic system. To do this, the ITER requires the world’s most powerful magnet.  Although it has experienced a four-year delay, the United States announced the completion of the central solenoid, the final piece of the magnet, on Wednesday. Not only is this a milestone in the development of clean energy through nuclear fusion, but it also demonstrates that countries still have the ability to cooperate despite political differences. 

Photo Credit: ITER

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Further reading: Global nuclear fusion project crosses milestone with world’s most powerful magnet

New builds in the UK to be fitted with solar panels 

By 2027, all new-build homes throughout the UK are expected to be fitted with solar panels under new legal requirements. Although this will add approximately £3,000 to £4,000 to the cost of all new homes, it will create savings for homeowners of around £1,000 per year. The Labour Party aims to build 1.5 million new homes, and government-funded loans and grants may become available for existing homes as well. This demonstrates the Party’s commitment to net-zero policies and the goal of a decarbonized electric grid by 2030. Despite criticism, Labour leader Keir Starmer is committed to taking on climate change and pursuing net zero in the UK. With a push toward climate action, ESG tools have become a crucial resource. 

Photo Credit: Watt A Lot

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Further Reading:  Solar panels to be fitted on all new-build homes in England by 2027 

82% of tax leaders expect strengthened transparency, according to a recent Deloitte survey

In a recent survey conducted by Deloitte, tax leaders indicated that greater transparency is expected in the future. Deloitte’s 2025 Global Tax Policy Survey surveyed over 1,100 professionals throughout 28 countries, with 82% of respondents expecting mandatory transparency. Around 55% of those surveyed listed sustainability as a top concern. In the age of AI and ESG objectives, transparency, digital readiness, and sustainability have moved to the forefront of regulatory pressure. As public tax disclosures and compliance burdens continue to rise, organizations must adapt accordingly. It is essential for companies to utilize the ESG tools available to them to ensure transparency and accountability. 

Photo Credit: Wikimedia Commons

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Further reading:  Deloitte’s 2025 Tax Policy Survey

Editor’s Note: The opinions expressed here by the authors are their own, not those of impakter.com — Cover Photo Credit: Mufid Majnan