VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

The Indonesian government invites business people to invest in the clean energy sector. This is because the energy transition program from fossil fuels to new and renewable energy requires substantial funding support.

"Accelerating the energy transition requires an investment of up to USD 1 trillion by 2060. Financial needs are even higher considering that we will implement early retirement of coal-fired power plants in the coming years," said Secretary General of the Ministry of Energy and Mineral Resources Rida Mulyana in a statement, Thursday (1/9/2022).

Furthermore, Rida explained that large funding also requires the mobilization of all financial sources. Both from private and public companies.

Thus, collaboration between all renewable energy stakeholders is required. Including public, private, and business to business partnerships have an important role to ensure all the potential of renewable energy.

In the carbon neutrality roadmap by 2060, there is the addition of clean energy generation. The total reaches 700 gigawatts from diesel, hydro, biomass, wind, ocean, geothermal, as well as hydrogen and nuclear.

"We will also reduce the use of fossil fuels by gradually stopping fossil power plants. De-dieselization program and implementing clean technology," he said.

To achieve this, the government has several strategies in terms of demand. There are three main sectors that are the focus of the government, namely transportation, industry, household and commercial.

In the transportation sector, the government is increasing the use of biofuels, penetration of electric vehicles, and the use of hydrogen for trucks. Furthermore, environmentally friendly fuels for aviation, low-carbon fuels for the delivery of ammonia and hydrogen.

In addition, biofuels, electronic fuels derived from biosyngas, green hydrogen, and ship electrification. The industrial sector will also be earmarked for increasing the share of electricity, hydrogen as a gas substitute, biomass substitution, and the spread of CCS.

Meanwhile, from the household and commercial sectors, the government is accelerating the use of induction cookers and the use of city gas. "Up to energy efficiency programs, including optimizing energy management and using energy-efficient equipment," he said.

"From the supply and demand side, this will reduce emissions by 1,789 million tons of carbon dioxide equivalent in 2060. We will achieve zero emissions from the electricity sector," he said, adding. (RRI)