The launch of the ETM Country Platform opens opportunity for Indonesia in the clean energy sectorJakarta (ANTARA) - The government can gain the investors' trust to help accelerate clean energy efforts through the Country Platform for the energy transition mechanism (ETM), Expert Staff from the Presidential Staff Office (KSP), Hageng Nugroho, stated.
Country Platform is one of the targeted breakthroughs and a fundraising hub that can be tracked and ensured for green and low-emission investments, he explained.
"The launch of the ETM Country Platform opens opportunity for Indonesia in the clean energy sector," Nugroho noted in a press statement on Wednesday.
Indonesia had earlier launched the ETM Country Platform on the sidelines of the G20 Indonesia Presidency themed "Sustainable Finance for Climate Transition" in Nusa Dua, Bali, on July 14, 2022.
This launch is a form of the government's cooperation with the Asian Development Bank (ADB) and PT Sarana Multi Infrastruktur in the context of tackling climate change.
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Nugroho stated that the ETM Country Platform was a framework to provide necessary financing to accelerate energy transition in the nation by mobilizing commercial and non-commercial funding sources in a sustainable manner.
"The KSP supports this policy and will assist the relevant technical ministries in gaining trust from investors as well as encourage the dissemination of information on the Country Platform to all interested parties," he remarked.
Currently, the government has made several efforts to encourage the clean energy transition program to achieve the renewable energy mix target of 23 percent by 2025. Until 2021, the energy mix was still at 11.5 percent, or around 50 percent of the target, Nugroho stated.
To accelerate the achievement of renewable energy targets, the investment will be realized in the form of building power plants with new and renewable energy sources (EBT).
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The utilization of EBT has begun in Hydroelectric Power Plants (PLTA), three units of Geothermal Power Plants (PLTP), 18 units of Micro-Hydro Power Plants (PLTM), Bioenergy Power Plants, Solar Power Plants, and Rooftop Power Plants.
"During the pandemic, our New, Renewable Energy and Energy Conservation (EBTKE) investment reached US$1.51 billion, or 74 percent of the US$2.04-billion target," Nugroho stated.
He noted that the KSP simultaneously coordinated and supported the policies of the Ministry of Energy and Mineral Resources and state-owned electricity company PLN in encouraging the acceleration of construction of new and renewable energy power plants.
"KSP is also actively involved in every meeting session related to the energy transition mechanism. Chief of the Presidential Staff, Moeldoko, also consistently campaigns for the use of green transportation through the development of electric vehicles," he concluded.
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Translator: Indra Arief P, Resinta S
Editor: Fardah Assegaf
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