Indonesia is confident it can achieve net zero carbon emissions before 2050, ten years earlier than its previous target, Reuters reported, citing President Prabowo Subianto during a G20 forum.

Highlighting the country's ambitious climate goals, Subianto announced plans to retire all coal and fossil-fuel-based power plants within the next 15 years, significantly accelerating the earlier target of 2056, according to a statement.

Indonesia intends to build 75 GW of renewable power plants over the next 15 years, he added. The country, located along the equator, boasts abundant sunlight to drive solar power production.

In addition, Indonesia has access to other renewable resources, which strengthens the optimism about achieving net zero emissions before 2050, according to the president.

Indonesia is one of the world's largest emitters of greenhouse gases and the leading exporter of thermal coal.

The nation's current installed power capacity exceeds 90 GW, with more than 50% sourced from coal and less than 15% from renewable energy.