Special Envoy to President Prabowo Subianto, Hashim Djojohadikusumo, has unveiled a US$235 billion (Rp3,709 trillion) proposal to develop 75 gigawatts (GW) of renewable energy capacity during the COP29 climate summit in Baku, Azerbaijan.
This ambitious clean energy project seeks foreign investment to support Indonesia’s transition towards sustainable energy.
Speaking at the Indonesian Pavilion, Hashim highlighted a new national program for renewable energy expansion. The Indonesian government plans to add 100 GW to the grid within the next 15 years, with 75 percent − or 75 GW − coming from renewable sources, requiring substantial financial backing.
“This US$235 billion investment is key to realizing President Prabowo’s commitment to meet the nation’s energy transition goals,” Hashim said on Monday, November 11, 2024.
Beyond renewable energy generation, Indonesia is also focused on carbon emissions reduction through Carbon Capture and Storage (CCS) initiatives.
Indonesia is rich in saline aquifers − geological formations that can store substantial amounts of CO2 − providing a potential 500-gigaton storage capacity.
“Indonesia has vast saline aquifers across its islands, both onshore and offshore, which makes it an ideal location for CCS projects,” Hashim told the Summit, inviting international collaboration to help mitigate global warming.
He stressed that addressing climate change is a shared responsibility, with impacts felt worldwide.
“This program will require years of dedicated effort. It needs funding, technology, and scientific expertise,” he concluded.
