RE Invest Indonesia is a platform to facilitate dialogues between renewable energy stakeholders and players Indonesia, with renewable energy private enterprises from China, Japan and South Korea. It is our goal to improve bilateral relations between Indonesia and the three East Asian countries and mobilize greater investments into the Indonesian renewable energy sector. We believe that closer collaboration in the sector would bring greater benefits in terms of capital growth and greater implementation of renewable energy in Indonesia’s sprawling market.
Indonesia is seeking to revitalize some of its carbon-based power plants such as coal-fired, gas-fired and diesel-fired power plants with cheaper and reliable new sources of power. This has been iterated by the government in the General Planning for National Energy (RUEN) and General Planning for National Electricity (RKUN), which stipulates that Indonesia must reach 23 percent primary energy mix from renewable energy sources by 2025. With 2025 approaching, Indonesia needs more than just domestic commitment and efforts to meet its energy mix target. It is indeed through external partnership and collaboration can Indonesia progress more rapidly towards its renewable energy goal.
As three of the biggest carbon emitters in the world, China, Japan and South Korea are facing global pressure to commit to carbon neutrality. Each government has introduced shifting domestic and international policies that would bring more adaptation of lower carbon emission. Japanese Prime Minister Yoshihide Suga and South Korean President Moon Jae-in have both pledged their countries will become carbon neutral by 2050, respectively. At the same time, Chinese President Xi Jinping has also made a statement in 2019 that the Belt and Road Initiative (BRI) that China’s multibillion-dollar global infrastructure development projects, must be green and sustainable while vowing to make China carbon neutral by 2060.
The situation in the three East Asian countries aligns with Indonesia’s urgency to accelerate the adaptation of more renewable energy sources. There are several partnership possibilities that Indonesia could explore with these East Asian countries, considering their geographical proximity and interests in the Southeast Asia region.
To help realize some of these potential partnership opportunities, CSIS Indonesia and Tenggara Strategics have teamed up with the Embassies of Indonesia (KBRI) in Beijing, Tokyo and Seoul, the Indonesian Investment Coordinating Board and the Directorate General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources, to convene RE Invest Indonesia.
RE Invest Indonesia is a platform to spur greater dialogue and more lucrative collaboration between Indonesian and East Asian renewable energy players and stakeholders. It is our goal to foster closer and sustainable relationships between Indonesia and the East Asian countries for a greener and more sustainable region.
Tenggara Strategics is a business and investment research and advisory institution established by the Centre for Strategic and International Studies (CSIS), The Jakarta Post and Universitas Prasetiya Mulya. Combining the capabilities of these three institutions, we aim to provide the business community with the most reliable and comprehensive business intelligence related to areas that will help business leaders in making strategic decisions. Tenggara Strategics offers daily media monitoring, strategic briefings and tailored research services to our clients to help them make strategic decisions.
Founded in 1971, the Centre for Strategic and International Studies (CSIS) has won recognition as an important research and policy institution both within Indonesia and internationally. Its development over more than three decades is entwined with the history of Indonesia itself. In addition to its core studies in domestic economic and political developments, CSIS has also progressively developed a more international orientation through organizing bilateral conferences involving various countries.
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