"The summit's deliverables include 69 cooperation agreements on energy transition, 24 of which are projects that will be worked on together by Indonesia and Japan," Marsudi said during a press conference followed online from Jakarta.
The 24 projects are cooperation projects involving various parties, including state-run electricity company PT PLN, state-run fertilizer enterprise Pupuk Indonesia, the National Capital Authority (OIKN), and PPT Energy Trading Co. Ltd.
The projects cover a number of aspects, such as capacity-building for energy transition, 'waste to energy,' decarbonization, as well as the development of electric transmission, geothermal, and green ammonia.
The AZEC, co-initiated by Indonesia and Japan, is a platform for countries to cooperate in achieving net-zero emissions in Asia and its surrounding areas.
Australia, Brunei Darussalam, the Philippines, Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam are also members of the community.
The 1st AZEC Summit produced a Leaders' Joint Statement containing the countries' commitment to achieving the goals of the Paris Agreement by tailoring their approaches to their specific needs and circumstances with the aim of suppressing carbon emissions.
In their joint statement, the AZEC countries also acknowledged the importance of developing technologies and innovations to expedite the energy transition, utilizing liquid natural gas as a transitional fuel, promoting electrification, decarbonizing the transportation sector, and implementing a regional carbon market.
"For Indonesia, agreements reached during the AZEC Summit have also accommodated the country's steadfast push for the recognition of varied applicable ways and technology toward energy transition," Marsudi stated.
She added that the AZEC Summit also stressed the importance of improving financing mechanisms to close financing gaps in developing countries while placing emphasis on the need to develop the accessibility of energy supply chains in the region.
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Translator: Yashinta Difa, Tegar Nurfitra
Editor: Anton Santoso
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