G20: Indonesia seeks to tap into renewable energy potential

Trading

The Ministry of Energy and Mineral Resources will seek to tap into the potential of renewable energy resources and market opportunities during Indonesia’s Presidency of the G20.

Director General of New, Renewable Energy, and Energy Conservation at the ministry Dadan Kusdiana said the Indonesian government is ready to provide a system and mechanism for conducive investment.

“We must introduce our potential to the G20 participants so that we can ensure the achievements of 23 percent renewable energy in 2025 and 29 percent of emission reduction in 2030 can be managed well by working with the G20 or partner countries,” he added during a press conference, accessed from Jakarta on Thursday.

The Indonesian government wants to take advantage of the G20 forum to gain benefits for Indonesia, especially in carbon neutrality, Kusdiana informed.

The energy transition poses many challenges and the government wants to turn these challenges into opportunities, he said.

“We will show that Indonesia is ready from a regulatory perspective,” he remarked.

The Ministry of Energy and Mineral Resources has projected that Indonesia’s clean energy potential could reach 3,686 gigawatts, with solar energy potential being the largest at 3,295 gigawatts, followed by hydrogen energy at 95 gigawatts, bioenergy at 57 gigawatts, water energy at 155 gigawatts, geothermal energy at 24 gigawatts, and sea energy at 60 gigawatts.

Until the end of 2021, the installed capacity of clean energy power plants in Indonesia was only 11.35 gigawatts, with the mix percentage reaching 11.5 percent, Kusdiana said.

The G20 agenda includes an energy transition forum, with the first Energy Transition Working Group (ETWG) meeting scheduled to take place in Yogyakarta from March 23–25, 2022. The second ETWG will take place in Labuan Bajo, and the third ETWG will be conducted in Bali along with an energy transition ministerial meeting (ETMM).

The peak of Indonesia’s G20 Presidency will be the G20 summit in Bali in September 2022.

Source: Antara News