Reuters reported that the World Bank has urged Indonesia to drop a policy forcing miners to supply a set amount of subsidised coal to its state power company, which it said has encouraged the use of the dirty fuel in electricity generation. The recommendation is part of a report intended to encourage more private investment in renewable energy in Indonesia to help the country achieve a target of becoming carbon neutral by 2060 or sooner. The Southeast Asian country is the biggest exporter of thermal coal globally and among the top ten green house gas emitters. Indonesia has a Domestic Market Obligation policy whereby coal miners must supply 25% of annual production to state utility Perusahaan Listrik Negara, at a maximum price of USD 70 per tonne, well below current market prices. World Bank said "It incentivises more consumption of carbon, which sends distorted price signals, which discourages transition away to cleaner sources of energy.” The bank also recommended changing rules on minimum local content requirements for energy projects because this had increased project costs and impeded competition. For solar panels, Indonesia has a 40% minimum local content requirement which is expected to be raised further in the future. Under World Bank simulations, more private investment would ensure the energy transition had a greater impact on economic growth and job creation.