Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, invited British investors to invest in Indonesia’s green sectors, particularly the renewable energy, green technology, and carbon capture sectors.
He conveyed this while opening the stock trade and attending the Indonesia-UK Climate and Green Finance meeting at the London Stock Exchange on Thursday.
According to a statement issued by his office on Friday, Roeslani invited investment collaboration from British investors while highlighting Indonesia’s renewable energy potential of almost 3,700 gigawatts from solar, hydro, and geothermal sources, along with its ambitious carbon emission reduction target.
“We are committed to achieving the NDC by 2060 or sooner with the support of international partners. We are aiming to work with many partners to achieve the target before 2060,” he said.
In utilising renewable energy, the ministry is encouraging investors to tap geothermal reserves in Indonesia to reduce dependence on fossil fuel-based energy, the minister added.
“We also have the largest geothermal reserves in the world, especially on Java Island. We want to push the utilisation of this resource to reduce dependence on fossil fuel-based energy,” he disclosed.
He also touched on Indonesia’s huge carbon capture and storage potential, which could serve as one of the main solutions to lower carbon emissions significantly.
“We have great potential in carbon storage of around 700 gigatons. Therefore, we are working with many parties to utilise this potential through carbon capture and storage technology. This technology is necessary to support the energy transition in Indonesia,” the minister informed.
To attract more investment, his ministry is continuing to simplify regulations as well as align central and regional government policies to ensure efficient licensing services to investors.
Source from ANTARA
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