ASIATODAY.ID, SINGAPORE – Indonesia offers a variety of sustainable investment opportunities at the Indo-Pacific Economic Framework for Prosperity (IPEF) Clean Economy Investor Forum 2024 which took place in Singapore, Thursday, June 6 2024.
This investor forum is part of a series of IPEF Ministerial Meetings which took place from 5 June to 6 June in Singapore.
In this forum, the Coordinating Minister for the Indonesian Economy Airlangga Hartarto was a Panelist who opened the Panel Discussion with the theme Building Tomorrow: Sustainable Infrastructure Investment for A Resilient Future, together with India Commerce Secretary Shri Sunil Barthwal, CEO of Temasek Holdings (Private) Limited & Temasek International Pte . Ltd. Dilhan Pillay, as well as Co-Chief Executive Officer, KKR & Co. Inc. Joseph Bae.
“For Indonesia, the investment funding target required for Indonesia’s Enhanced Nationally Determined Contribution reaches around US$281 billion. “Regarding achieving net zero emissions by 2060, Indonesia needs around US$ 1.1 trillion,” said Airlangga.
Airlangga further said that Indonesia has also developed a strategy to support green investment through a number of financing alternatives such as green bonds, green sukuk, green taxonomy and carbon pricing. Indonesia is also collaborating with the Japanese Government through the Just Energy Transition Partnership (JETP) scheme with funding of US$ 20 billion.
Apart from that, Indonesia is also collaborating through the ASEAN Zero Emission Community (AZEC) scheme with funding of US$ 500 billion involving superior projects such as the Muara Laboh geothermal project with a capacity of 80MW and the waste-powered power plant in Legok Nangka with a capacity of 35MW-40MW.
“Indonesia also provides policy support for Special Economic Zones and the Job Creation Law,” said Airlangga.
On this occasion, Airlangga also said that Indonesia was also offering 21 sustainable green infrastructure projects as potential investment opportunities in this series of IPEF meetings, of which 19 were pipeline projects.
“Two projects are already in the ready category, namely the Cilacap Green Refinery with a value of US$ 860 million and the Plaju South Sumatra Green Refinery which is also worth US$ 860 million,” concluded Airlangga. (ATN)
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