Indonesia Calls for Global Investments in Green Energy Transition

Indonesian President Joko Widodo urged developed nations to invest in the country's energy transition and climate solutions. Highlighting Indonesia's potential in renewable energy and carbon mitigation, he emphasized the need for international collaboration and funding. The country aims to achieve net-zero carbon emissions by 2060 through various green projects.

Indonesian President Joko Widodo on Thursday called on developed nations to invest in the nation's energy transition and climate solutions, emphasizing its vast potential in renewable energy and carbon mitigation. He was speaking at the Indonesia International Sustainability Forum in Jakarta.

Jokowi, as President Widodo is commonly known, highlighted that Indonesia possesses over 3,600 gigawatts of renewable energy potential and 3.3 million hectares of mangroves capable of absorbing significant amounts of carbon dioxide—up to 12 times more than tropical rain forests. However, he stressed that these resources would remain underutilized without international investment, shared research, and affordable funding for emerging countries.

Noting the minimal actualization of a $20 billion funding pledge under the Just Energy Transition Partnership led by the Group of Seven countries, Jokowi underscored that climate issues cannot be resolved while investors are focused solely on economic returns. Indonesia is targeting net-zero carbon emissions by 2060 and is open to global partnerships for green projects, including investments in 'green industrial estates,' according to senior cabinet minister Luhut Pandjaitan.

(With inputs from agencies.)