Jakarta (ANTARA) - Minister of Investment and head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia has emphasized that Indonesia will not export new and renewable energy.
"The Indonesian government has not thought about exporting new, renewable (energy) to any country," he said at an investment forum themed “Encouraging the Acceleration of Sustainable and Inclusive Investment,” which was accessed from Jakarta on Wednesday.
He also invited investors to invest in the new and renewable energy sector in Indonesia. However, new and renewable energy products will not be exported so that the industry can be developed in the country.
"Please invest in Riau Islands, but we have not thought about exporting new, renewable energy to any country. Because we will use it domestically. If you want to invest, invest in the country. Because we sell the electricity to other countries, then the industry will run to it," he explained.
Indonesia is considered to play a major role in the development of new and renewable energy, especially given the current sustainability trend.
“New, renewable energy (transition) must be carried out because it is impossible for products produced through the industry to be sold globally if they do not use new, renewable energy. In the world, people check, use coal or new renewable energy. If coal, it may sell, but surely (the price) will fall," the minister said.
The government has continued to encourage the development of green and environmentally friendly energy, including developing potential sources of new and renewable energy to encourage the ecosystem of electric vehicles and electric vehicle batteries in the country.
The development of environmentally friendly energy is also in line with Indonesia's Nationally Determined Contribution (NDC) target to achieve net-zero emissions by 2060 or sooner.
The Indonesian government can use its G20 Presidency to increase domestic renewable energy capacity in order to achieve the net-zero emissions target.
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The subject of energy transition offers a strategic opportunity to the country to build communication with leaders of other countries regarding the future of clean energy, clean, affordable, and secure energy project manager, IESR, Agus Praditya Tampubolon, had said earlier.
"With Indonesia declaring (energy transition) as a priority issue, this will allow (the country) to set a new target and policy, so that Indonesia will find it easier to negotiate with G20 leaders on technical and funding assistance," he noted.
Since Indonesia holds the G20 Presidency, member states should support its policy that serves as a common policy, he affirmed.
Referring to the net-zero emissions target and the coal elimination treaty, he said it is quite appropriate for the G20 Energy Transition Working Group (ETWG) to make them priority issues, with a focus on accessibility, technology, and funding.
At the end of March this year, the Energy and Mineral Resources Ministry kicked off an ETWG session in Yogyakarta as part of Indonesia's G20 Presidency.
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