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Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut B. Pandjaitan and Finanace Minister, Sri Mulayani at the 2024 Indonesia International Sustainability Forum (ISF) Thematic Session in Jakarta, Friday (6/9). (Photo: Doc. Marves Public Relations) - 

VOInews, Jakarta : ASEAN is endowed with abundant natural resources that are critical to global decarbonization efforts and this positions Southeast Asia as a key player in the global energy transition. As a country in ASEAN, Indonesia has long been an energy exporter, supplying coal and natural gas throughout the world.

However, as the world shifts towards a low-carbon future, Indonesia must also shift to becoming a major exporter of renewable energy.

Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut B. Pandjaitan explained that one of the renewable energies that has great potential for Indonesia is solar power which is estimated at around 3,300 GW.

"This is not only to decarbonize Indonesia but also to contribute to the global energy transition," said Coordinating Minister Luhut in his remarks at the Thematic Session "Decarbonisation opportunities in ASEAN" at the 2024 Indonesia International Sustainability Forum in Jakarta on Friday (6/9).

Furthermore, Coordinating Minister Luhut explained that Indonesia had also collaborated with Singapore in green electricity trade.

"This will open up investment of around USD 30-50 billion in solar power generation and solar photovoltaic (PV) manufacturing," explained Coordinating Minister Luhut.

In the transportation sector, Indonesia has launched several incentive programs for electric vehicles. Between 2022 and 2024, Indonesia doubles sales of battery electric vehicles (BEVs), attracting investment of around USD 10 billion.

In addition, as the world's largest producer of crude palm oil (CPO) and abundant seaweed production, Indonesia has significant opportunities to explore biofuel production.

"Our vast natural landscape offers significant potential for nature-based carbon sinks, with the ability to reduce up to 1,860 MtCO2e through large-scale forest rehabilitation programs and a storage capacity of 400 Gigatonnes for Carbon Capture Storage (CCS)," added Coordinating Minister Luhut.

Coordinating Minister Luhut said that despite the various natural potentials that exist, Indonesia cannot carry out these decarbonization efforts alone.

"Collaboration is essential to ensure that the necessary technology is accessible, which drives sustainable development across the region and that substantial investment is available to fund this decarbonization initiative," concluded Coordinating Minister Luhut//VOI

The signing of this LOI was carried out by Deputy General Chair for Maritime Affairs and Fisheries at the Indonesian Chamber of Commerce and Industry, Joseph Pangalila and Senior Vice President & Executive Chair of Indonesian Conservation, Meizani Irmadhiany. (Photo : NK-VOI)

VOInews, Jakarta : In order to accelerate the development of the International Tropical Seaweed Research Center (ITSRC) as a Center of Excellence for Indonesian Tropical Seaweed, the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) signed a Memorandum of Understanding between Deputy for Maritime Resources Coordination of the Coordinating Ministry for Marves (Firman Hidayat) and Indonesian Global Compact Network Association (IGCN), Friday (06/09/2024). This agreement is one of the important things implemented in the Indonesia International Sustainability Forum 2024 (ISF 2024).

“This collaboration is a strategic milestone in accelerating the development of ITSRC as a Center of Excellence for Indonesian Tropical Seaweed. "This is an important collaboration between the Coordinating Ministry for Maritime Affairs and Fisheries and IGCN," said Deputy Firman after signing the agreement.

Regarding this collaboration, Deputy Firman expressed his gratitude not only to ICGN but also to the United National Global Compact, which is a network of various experts, practitioners and entrepreneurs who focus on issues of poverty alleviation, sustainability and social justice, which provide full support for this collaboration.

"With the support of this extensive global network, this collaboration will unlock the enormous potential of Indonesian seaweed, which has the largest diversity of tropical seaweed in the world," he said.

In this series of events, Deputy Firman also carried out a Letter of Intent (LOI) Announcement of the Indonesian Chamber of Commerce and Industry's Interest in Collaborating with Indonesian Conservation on the Blue Halo S Program to Promote Sustainable Blue Economy Development in Indonesia.

"This signing shows that we are fully committed to supporting the Sustainable Blue Economy program," said Deputy Firman.

Representing the Indonesian Chamber of Commerce and Industry while giving a speech, Deputy Chairperson for Organization, Legal and Communication Affairs of the Indonesian Chamber of Commerce and Industry, Yukki Nugrahawan Hanafi stated that the Indonesian Chamber of Commerce is committed to supporting sustainable projects related to Blue Halo S.

"The Indonesian Chamber of Commerce has productively provided business proposals through "Our members, in various Indonesian Fisheries Management Areas (WPP), we believe in a sustainable economy that focuses on the blue economy concept," said Yukki//VOI

People take photos near the Palazzo del Cinema during the 81st Venice Film Festival on Lido Island, Venice, Italy, on August 30, 2024. (Photo by: ANTARA/Xinhua/Li Jing)

Indonesia and Eswatini signed an agreement on free travel for holders of diplomatic and official passports (PBVDD) during the Indonesia-Africa Forum in Nusa Dua, Bali, 1-3 September 2024. (Photo by: ANTARA/HO-KBRI Pretoria/pri.)