Jakarta – Another landmark of Indonesia’s green economy commitment is manifested through the Country Platform for the energy transition mechanism (ETM).
The Senior Advisor of the Executive Office of the President, Hageng Nugroho, said Indonesia is fixed with its unwavering commitment towards clean energy.
According to him, the Country Platform for ETM will be targeted as a fundraising hub, which can be tracked for green or low-emission investments. The ambitious plan will not only accelerate the clean energy transition towards zero net emission target, but will attract more investors to build sustainable working industries in Indonesia.
“The Country Platform for ETM opens Indonesia’s path to clean energy,” said Hageng in Jakarta, on Wednesday (20/7).
The Indonesian government launched the Country Platform for ETM on Thursday (14/7), during a G20 side event in Nusa Dua, Bali.
The Country Platform for ETM is a partnership between the government of Indonesia with the Asian Development Bank (ADB) and PT Sarana Multi Infrastruktur. The private bank partner will help in providing the necessary financing to accelerate the national energy transition, for example, funding for the accelerated early retirement of coal-fired power plants and replacement with clean power capacity.
“KSP strategically supports this policy and the office will assist the relevant technical ministries in gaining the trust of donors. KSP will work to push the information dissemination regarding to the country platform,” he said.
Meanwhile, the Indonesian government has prepared several strategies to boost the clean energy transition program in order to achieve the renewable energy mix target of 23 percent by 2025. Up until year 2021, he continued, the energy mix was still at 11.5 percent or around 50 percent of the target.
According to Hageng, the country is now shifting its interest to some investment towards renewable energy-based power plants: Hydro, Geothermal, Micro Hydro , Bioenergy, Solar Power, and so forth.
“Even during a pandemic condition, our sustainable and renewable energy-based investment is reaching 1.51 billion US dollars or 74 percent of the 2.04 billion US dollar target,” he said.
“KSP is very committed to clean energy purposes. Mr. Moeldoko as the Presidential Chief of Staff is actively campaigning for green transportation through the development of electric vehicles,” he concluded.
