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This is a Quantitative Study study.

Unlocking Geothermal Potential in Indonesia: A Techno‐Economic Analysis With Carbon Credits Toward 2060 NDC Goal

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This analysis examines the economic viability of a 330 MW geothermal plant in Indonesia, suggesting carbon credits may drive renewable investment.

Elevated carbon credit pricing significantly boosts the economic potential of geothermal projects in Indonesia.
A scenario with a carbon credit price of $50 yielded the highest Net Present Value of $67.9 million.
Modeling various scenarios with RETScreen highlighted the role of project duration in financial outcomes.
The findings indicate that integrating carbon credits can attract more investments in renewable energy in Indonesia.

Hakam et al. (2025) studied this question.

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This analysis examines the economic viability of a 330 MW geothermal plant in Indonesia, suggesting carbon credits may drive renewable investment.