Tuesday, July 16, 2024

Indonesia signs MOU with Australia on energy transition cooperation

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Dadan Kusdiana, Secretary General of the Ministry of Energy and Mineral Resources (ESDM) and David Fredericks, Secretary of the Australian Department of Climate Change, Energy, Environment & Water (DCCEEW) on Tuesday, July 2, 2024,signed a Memorandum of Understanding (MOU) on efforts to strengthen bilateral cooperation on energy transition.

The MOU will deepen the partnership between Australia and Indonesia, which will build on the comparative advantages of both countries, to support the energy transition and encourage investment in energy infrastructure and green energy manufacturing.

“In this collaboration, we will work together to share knowledge and best practice approaches to address key issues in the energy transition and achieve net zero carbon emissions,” Fredericks said.

On this occasion, the Australian Embassy will work with the Ministry of ESDM to identify collaboration opportunities with a focus on renewable energy grid integration, energy efficiency, and clean energy supply chains.

Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation at the ESDM Ministry, said that Indonesia is eager to increase cooperation with Australia in the energy sector.

“We also aim to accelerate our journey towards achieving zero carbon emissions,” she said.

This partnership will also strengthen the Australia-Indonesia Energy Dialogue which will be held annually.

The MOU also complements the launch of KINETIK-Australia-Indonesia Climate and Infrastructure Partnership, the MoU on electric vehicle cooperation between Australia and Indonesia, and the MoU between the State Electricity Company (PLN) and Australian Export Finance to develop a US$200 million (Rp3.3 billion) capital financing facility to support Indonesia’s energy transition.

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