At the ISF closing here on Friday, he said that the achievements include cooperation with Singapore on 3.4 gigawatt new renewable energy (NRE) exports, valued at US$25 billion to US$30 billion.
During the forum, which attracted 11 thousand participants from 53 countries, Indonesia also explored preliminary cooperation in carbon capture storage (CCS).
"Its value can reach tens of billions of US dollars in the next 20–25 years," Pandjaitan highlighted.
Indonesia also held a discussion with Malaysia on the ASEAN Grid, which will combine green energy to support connectivity, considering the archipelago's 3,300-megawatt new renewable energy potential.
"Indonesia will be one of the countries that have green products, such as electric cars, petrochemicals, and so on. This will make Indonesia a leading (country)," the minister said.
He noted that next year, the government is planning to make ISF more lively by hosting it in Bali with an event related to the Ocean X Expedition, which Indonesia is a part of.
The Indonesian government has outlined its goals for net zero emissions (NZE) in the Enhanced Nationally Determined Contributions (E-NDC) document, in line with the Paris Agreement. The target is a reduction of 912 million tons of CO2 by 2030.
The ISF gathers global leaders from various sectors and countries to exchange insights, share knowledge, and discuss solutions and best practices for addressing climate change.
Several memoranda of understanding (MoUs) were signed at the two-day event, which also included an exhibition and a gala dinner.
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Translator: Ahmad F, Kenzu Tandiah
Editor: Tia Mutiasari
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