{
    "success": true,
    "data": {
        "id": 1955720,
        "msgid": "govt-accelerates-renewable-energy-development-amid-global-turmoil-1788353657",
        "date": "2026-09-02 19:27:14",
        "title": "Govt accelerates renewable energy development amid global turmoil",
        "author": "",
        "source": "ANTARA_EN",
        "tags": "",
        "topic": "Energy",
        "summary": "The Indonesian government is prioritising the transition to renewable energy under the Astacita programme to protect national economic stability from global oil price volatility. Deputy Minister of ESDM Yuliot warned that failing to expand clean energy could increase state energy subsidies by up to Rp300 trillion. Key initiatives include the B50 biodiesel mandate and the scaling of solar, geothermal, and hydroelectric power projects.",
        "content": "<p>Deputy Minister of ESDM Yuliot stated that transitioning toward\nrenewable energy is a key priority under the government\u2019s Astacita\nprogram to safeguard national economic stability.<\/p>\n<p>\u201cThis is our part in encouraging the increase in new and renewable\nenergy,\u201d Yuliot remarked at the 12th IndoEBTKE ConEx 2026 conference in\nJakarta on Wednesday.<\/p>\n<p>Yuliot warned that without adequate domestic energy supplies,\nessential economic sectors such as transportation and manufacturing\ncould face severe disruptions.<\/p>\n<p>He added that clean energy expansion will also spur job creation and\ninvestment.<\/p>\n<p>The push comes as global energy markets face severe volatility. Brent\ncrude oil futures surged to US$96.65 per barrel on Wednesday following a\nfresh wave of military strikes involving the United States and Iran,\nrebounding sharply from late August lows of US$86.20 per barrel.<\/p>\n<p>West Texas Intermediate (WTI) similarly spiked nearly 2 percent to\nUS$92.20 per barrel.<\/p>\n<p>Yuliot cautioned that if geopolitical shocks are not countered with\nrenewable alternatives, national energy subsidies and compensation could\nswell by an additional Rp300 trillion (approximately US$18.75 billion)\nbeyond current state allocations.<\/p>\n<p>The government has already earmarked Rp 210.1 trillion (US$13.13\nbillion) for energy subsidies in the 2026 State Budget - representing\nnearly 66 percent of total state subsidy spending - with total energy\nsecurity commitments, including compensation schemes, reaching Rp 381.3\ntrillion (US$23.83 billion).<\/p>\n<p>To mitigate reliance on volatile imported fossil fuels, Indonesia is\nadvancing several key green initiatives, including the rollout of its\nB50 biodiesel mandate, accelerating conventional vehicle conversions to\nelectric vehicles (EVs) as well as scaling utility-scale power projects\nutilizing solar, geothermal and hydroelectric power.<\/p>\n<p>Related news: Indonesia prioritizes solar power in green industry\ntransition<\/p>\n<p>Related news: Bahlil urges developers to immediately realize\ngeothermal projects<\/p>\n<p>Translator: Putu Indah Savitri, Yashinta Difa<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/govt-accelerates-renewable-energy-development-amid-global-turmoil-1788353657",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}