Currently, a Presidential regulation on blended financing to support the net-zero emission target is being drafted...Jakarta (ANTARA) - Member of the National Energy Council (DEN) Satya Widya Yudha has asked the 2022 G20 Science 20 (S20) engagement group to support Indonesia's attempts for achieving zero carbon emissions by 2060.
"The S20, as the representative of academics and scientists of G20 members, can contribute to strengthening Indonesia's commitment to achieving the net-zero emissions target," he said in a statement released on Friday.
Currently, Indonesia has not reached peak carbon emissions, he noted. Thus, it is necessary to estimate when the peak will occur, he said.
Hence, DEN has prepared energy transition stages for realizing net-zero emissions by 2060, he said.
Currently, the most applicable low-carbon energy transition strategy in Indonesia is combining the utilization of fossil energy and clean technology, he pointed out.
The strategy will continue to be implemented until Indonesia completely switches to renewable energy, he said.
In addition to implementing the strategy, Indonesia will keep developing renewable energy technologies, he informed.
“Hence, at the 2021 COP26, Indonesia asked for financial assistance from the international community to help achieve the emissions goal,” Yudha said.
Multi-party climate financing is required to help Indonesia realize the target since the implementation of the energy transition is a joint responsibility, he added.
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Meanwhile, director general of renewable energy and energy conservation at the Energy and Mineral Resources Ministry, Dadan Kusdiana, said that Indonesia will completely shift to clean energy for energy supply by 2060.
Meanwhile, the ministry has carried out several simulations using current technology to determine the net-zero emissions roadmap, he said. The country will need around $1.042 billion in investment to realize the emission goal, he added.
"Currently, a Presidential regulation on blended financing to support the net-zero emission target is being drafted; thus, funding will not only be sourced from domestic stakeholders but also multinational actors," the director general informed.
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Translator: Kelik Dewanto, Uyu Liman
Editor: Rahmad Nasution
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