BUSINESS-ECONOMY | Indonesia-RI has potential to be renewable energy exporter to ASEAN, report finds
A worker cleans solar panels that generate electricity for a gas refueling station in Teras, Boyolali, Central Java, on Oct. 26, 2022. (Antara/Aloysuis Jarot Nugroho)
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Southeast Asian nations are struggling to meet their emissions reduction commitments and unlock their green economic potential, a recent study has found, but Indonesia may be well positioned to take advantage of a future renewable energy boom.
The 2023 Southeast Asia’s Green Economy report, published on Tuesday by Bain & Company, Temasek, GenZero and Amazon Web Services, found that the region would require over US$1.5 trillion in cumulative investment by 2030 to meet its emissions reduction targets, as measured by the nationally determined contributions (NDCs) of each country.
However, green capital deployment has been slowing over the past years. In 2022, US$5.2 billion was invested in green projects, down 7 percent from the previous year.
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Yohana Belinda
The Jakarta Post
Jakarta ● Wed, June 7, 2023
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