1. The Renewable Energy (RE) mix target by 2025 is 23%
Indonesia requires a large budget of up to USD 167 billion to encourage the use of renewable energy by 2025 as well as to support the commitment to achieve the Nationally Determined Contribution (NDC) targets by 2030 (source: Renewable Energy Investment Funding Mechanism Report by Bappenas and GGGI)
2. Potential utilization of RE is 417.8 GW
According to a study by the Ministry of Energy and Mineral Resources, renewable energy serves as a significant source for our national energy security. Renewable energy potential that we can utilize amounts to 417.8 GW, which comes from:
3. Indonesia is the most promising country in Southeast Asia
Indonesia is a country with high economic growth compared to several other countries in Southeast Asia. It has great opportunities to encourage the development of renewable energy investment, and is also included in the list of 40 attractive countries for renewable energy investment (source: RECAI Index).
4. Green finance facilities as alternative sources of funding
Currently, green finance facilities are being used as alternative sources of funding for low-carbon investment, including investment in renewable energy development and construction.
5. The launch of green bonds as an effort to mobilize international funding for climate projects in Indonesia
The Government of Indonesia has issued regulations on green bonds in 2017, followed by green bonds in the amount of USD 3 billion launched in 2018.