Jakarta (ANTARA) - Indonesia’s Minister of Finance, Sri Mulyani Indrawati, emphasized that the energy transition is a politically and socially intricate process.

She said this in her keynote speech at a high-level event titled "Navigating the Mid-Transition Period of the Low-Carbon Shift: The Critical Role of Finance Ministers" in Washington, DC, on Tuesday.

"The energy transition is a very complex process, especially because it must prioritize energy affordability and justice," she said, as quoted in a statement from the Ministry of Finance on Wednesday.

In this context, she said that her ministry plays a crucial role in establishing appropriate policy frameworks and developing instruments and policies related to financing mechanisms for the private and philanthropic sectors. The ministry also continues to actively pursue these efforts.

"Moreover, with more than 10,000 islands and 270 million people, this complexity is increasingly tangible for Indonesia," she said.

"How to design this energy transition while sustaining growth at an average of over 5 percent for nearly two decades is a lesson from Indonesia that I bring to this forum," she emphasized.

She also said that addressing the challenges of the energy transition requires collaborative synergy among ministries, regional governments, and the private sector.

"We will continue to emphasize that the energy transition is not an issue for individuals or a single institution. It must be tackled collectively at the Indonesian, regional, and global levels," Sri Mulyani concluded.

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Translator: Cindy Frishanti Octavia
Editor: Anton Santoso
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