Achmad Deni Daruri, Founder of the Bumi Global Karbon (BKG) Foundation, expresses confidence in a surge of renewable energy investment in Indonesia, driven by the country’s significant untapped renewable resources and increasing global focus on sustainable energy.
Indonesia, the world’s largest importer of fossil fuels, is on the brink of a renewable energy revolution. With its vast untapped renewable resources, the country presents an alluring market for global investors in sustainable energy.
According to Achmad Deni Daruri, the large population relying on imported fossil fuels positions Indonesia as a prime market for renewable energy, offering a solution to reduce import dependency and geopolitical vulnerabilities.
Deni highlights IRENA’s projection that 90% of the world’s electricity supply will come from renewable sources, making Indonesia’s energy transition a strategic move to align with global trends.
The decreasing cost of solar and wind energy, combined with the rising environmental and health costs of fossil fuel pollution, positions renewable energy as an economically viable alternative.
Investment in renewable energy is seen as a catalyst for job creation, outperforming the fossil fuel industry in employment opportunities. The International Energy Agency foresees a net increase in energy sector employment due to the renewable energy transition.
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The Indonesian government’s commitment to a 23% renewable energy mix by 2025, along with fiscal and non-fiscal incentives, simplification of permits and regulations, and the abundance of renewable resources across the nation, create a conducive environment for investment.
The convergence of policy support, abundant natural resources, and a growing domestic and international market makes Indonesia an increasingly attractive destination for renewable energy investors. This shift not only promises economic growth and job creation but also positions Indonesia as a key player in the global move towards sustainable energy solutions.
Indonesia, with its vast renewable energy potential and supportive government policies, is poised to become a major player in the global renewable energy market. Founder of the BKG Foundation, Achmad Deni Daruri, sees a bright future for the sector in Indonesia, driven by its abundant resources, growing public awareness, and government support, making it a lucrative market for domestic and international investors.
Source: Batam Pos, Inilah.com (2024)
