Clean Energy Investment a Priority for Achieving 8 Per Cent Growth by 2029, Says Investment Minister
Jakarta (ANTARA) - Investment Minister and BKPM Head Rosan Roeslani stated that investment in clean energy or sustainable energy is one of the priorities being pursued to achieve 8 per cent economic growth by 2029. In this regard, he affirmed the government's commitment to achieving net zero emissions (NZE) by 2060, with plans to accelerate this target to 2050.
"We believe that our 8 per cent growth is achievable by 2029, and at the same time, the investments we are making are continuous and sustainable because our potential is enormous. Investment in clean energy and renewable energy is one of the priorities we wish to pursue because the potential for renewable energy in Indonesia is also very significant," he said in Jakarta on Wednesday.
Currently, Indonesia's sustainable energy potential stands at approximately 3,700 gigawatts (GW). However, installed capacity is only 14.4 GW, or less than 1 per cent. The largest investment opportunities in sustainable energy include solar, hydro, bioenergy, wind, and geothermal.
"Geothermal is also very interesting because Indonesia has one of the largest reserves in the world for geothermal energy, particularly in Java and Sumatra," Rosan noted.
He emphasised that the use of sustainable energy will continue to be promoted in order to achieve net zero carbon emissions by 2060.
"Indonesia is becoming a more open country. We are open for business, but at the same time we keep reforming ourselves in terms of policy and regulation, so that investment coming into Indonesia can truly operate well and deliver a positive impact on job creation, on Indonesia's economic growth, and will certainly make Indonesia a better place in the future," he said.
"We believe that our 8 per cent growth is achievable by 2029, and at the same time, the investments we are making are continuous and sustainable because our potential is enormous. Investment in clean energy and renewable energy is one of the priorities we wish to pursue because the potential for renewable energy in Indonesia is also very significant," he said in Jakarta on Wednesday.
Currently, Indonesia's sustainable energy potential stands at approximately 3,700 gigawatts (GW). However, installed capacity is only 14.4 GW, or less than 1 per cent. The largest investment opportunities in sustainable energy include solar, hydro, bioenergy, wind, and geothermal.
"Geothermal is also very interesting because Indonesia has one of the largest reserves in the world for geothermal energy, particularly in Java and Sumatra," Rosan noted.
He emphasised that the use of sustainable energy will continue to be promoted in order to achieve net zero carbon emissions by 2060.
"Indonesia is becoming a more open country. We are open for business, but at the same time we keep reforming ourselves in terms of policy and regulation, so that investment coming into Indonesia can truly operate well and deliver a positive impact on job creation, on Indonesia's economic growth, and will certainly make Indonesia a better place in the future," he said.