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Wednesday, 08 June 2022 09:01

Indonesia, Australia to push clean energy investment

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The Indonesia-Australia climate change partnership will push investment in new and clean energy, Coordinating Minister for Economic Affairs Airlangga Hartarto has said.

Bilateral relations between Indonesia and Australia, which date back a long time, must be made deeper and not become merely architecture, he said at a meeting with Australian Prime Minister Anthony Albanese here on Monday.

They must bring about concrete progress, he added.

“The leadership of Prime Minister Anthony in the future will represent a key moment to explore new opportunities. We laud the decision to revive the Australia-Indonesia climate change partnership as announced today," Hartarto said in a written statement here on Tuesday.

The issue of energy transition has become one of the main topics at Indonesia’s G20 Presidency this year. The first road map for net-zero emissions (NZE) will be launched soon, with support from the International Energy Agency’s (IEA’s) Clean Energy Transition Program funded by Australia.

According to IEA’s analysis, Indonesia’s migration to NZE may attract additional clean investment of as much as US$2 billion per year until 2030 and create more than 900 thousand jobs.

Hartarto said he is of the view that projects with global and regional impacts must become the core of Indonesia’s shift toward NZE.

He further said he warmly welcomes Australia’s green hydrogen projects in Indonesia, which will be ready this year.

"The smart solution led by industry must also push for common efforts to achieve a stronger supply chain. We hope for Prime Minister Anthony’s support to help mobilize and open more investment in new, clean energy that will encourage productivity transformation, innovation, job opportunities, and economic growth,” he remarked.(Antaranews)

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