Indonesia ready for US$700 billion renewable energy investment

Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan has reaffirmed Indonesia’s commitment to accelerating the energy transition in order to achieve the net-zero emissions target by 2060. Luhut noted that the target was very likely to be achieved considering Indonesia’s new and renewable energy potential of 437 gigawatts (GW).  The government, he continued, was ready to develop the national clean energy potential through state-owned electricity company PT PLN (Persero). PLN has made various efforts in the energy-transition agenda. In addition to intensively building new and renewable energy-based power plants, PLN also encourages the growth of the electric vehicle ecosystem to reduce fossil-fuel energy dependence in the midst of net-zero emission targets and the energy crisis With Indonesia’s sizeable potential for new and renewable energy, this could serve as an opportunity for cooperation among countries around the world to jointly reduce carbon emissions.