Indonesia and Germany strengthen cooperation in the development of new and renewable energy (EBT). Indonesia can learn more lessons and experiences from Germany, which has been able to show off in the development of renewable energy development technologies. The government itself hopes that the private sector in the country can take a bigger role in sustainable development. Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan witnessed the signing of 16 cooperation agreements worth US$ 5 billion or the equivalent of Rp78 trillion (exchange rate of Rp15,600) in Bali, Friday. He reminded that investment in sustainable development is actually a collaborative effort.
Luhut stressed the importance of the private sector’s role. “The role of the private sector is very important in financing sustainable development. And there will be many more agreements and agreements that will be signed until the end of the B-20 summit. Everything must be done quickly, because the energy transition demands Indonesia to be fast. Starting from manpower, technology, accessibility to renewable energy, to incentive programs that all accelerate the transition towards a low-carbon economy. Remember, the world has changed rapidly and we must not be late. Greening the entire power-supply system is a call that Indonesia must answer. Currently, the industrial sector consumes 76 percent of energy from fossil fuels. Emissions from our power grid are currently listed as one of the highest in the world, and this makes Indonesian industry less competitive in this green economy landscape,” he said, Friday (11/11/2022).
The signing of 16 agreements in the field of renewable energy involved 11 countries. Renewable energy development cooperation between Germany and Indonesia involving the private sector is very important to pursue the Paris Agreement commitments, and fulfill the national energy mix of 23 percent by 2025. Indonesia must maximize local potential to ensure EBT development is in line with Indonesia’s economic conditions and challenges ahead.
November 11, 2022, detikFinance
(https://finance.detik.com/energi/d-6400712/ri-jerman-teken-16-perjanjian-energi-terbarukan-senilai-rp-78-t)