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.

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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.

to Read Full Story |  Click to read: https://www.thejakartapost.com/business/2023/06/06/ri-has-potential-to-be-renewable-energy-exporter-to-asean-report-finds.html.

Yohana Belinda
The Jakarta Post
Jakarta   ●   Wed, June 7, 2023

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