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We achieved new milestones today on projects to import low-carbon electricity from Indonesia! 5 projects (2GW) have reached an advanced developmental stage. They are the first to be awarded Conditional Licenses by EMA (ie penultimate stage before final Importers License). 2 new projects (1.4GW) were given Conditional Approvals. With these credible projects from Indonesia, Cambodia, Vietnam, Singapore has raised our imports ambition to 6GW by 2035. All this is only possible through the power of collaboration. Between governments, and with the private sector. When it comes to navigating the energy transition, Singapore definitely cannot go it alone. Neither can most other countries. As Minister Tan See Leng said at today’s Indonesia International Sustainability Forum, “The key thing in making this transition a success is interconnectivity.” This is so true, literally and metaphorically. Within the MTI/EMA team, grateful for the constructive interconnectivity with Joycelyn Seow Shun Loong C. Seng Wai Lee Yixiang Liang Faith Gan and many others.

Indonesia's economy is closely tied to its natural resources. But even with its connection to fossil fuels, the country's population strongly supports climate goals. How can Indonesian policymakers balance economic development and the energy transition? On this week's episode of #ColumbiaEnergyExchange, host Bill Loveless talks with Mari Elka Pangestu, Former Minister of Trade and Former Minister of Tourism & Creative Economy of Indonesia, and CGEP Distinguished Visiting Fellow, about the efforts to build a clean energy economy in Indonesia. Listen now: https://lnkd.in/e_UPdjxk

Indonesia And Japan Strengthen Energy Sector Cooperation With New Memorandum Of Coordination In a significant step towards bolstering bilateral relations, the Ministry of Energy and Mineral Resources (ESDM) of Indonesia and the Ministry of Economy, Trade and Industry (METI) of Japan have signed a Memorandum of Coordination (MoC) to enhance cooperation in the energy sector. The agreement was formalized at a ceremony in Jakarta, with Indonesian ESDM Minister Bahlil Lahadalia and METI Minister Ken Saito in attendance. The signing was facilitated by Minister of Investment/Investment Coordinating Board (BKPM) Rosan Roeslani. The MoC aims to establish a robust framework for institutional cooperation between the two nations, focusing on mutual benefits and equality. Secretary […] Read the full story here: https://lnkd.in/dRwpgVmp #solarenergy #alternativeenergy #solarpv #pvsolar #photovoltaic #cleanenergy #cleantech #climatechange #asia #indonesia #japan #renewableenergy #solarenergy #southeastasia

Great to be back in Jakarta with John Zadkovich for the next instalment of our Energy Trilemma series, a roundtable discussion over dinner with colleagues from across the Indonesian energy sector.   Being able to host Energy Trilemma roundtables in different jurisdictions very much confirms our view that the ‘Energy Transition’ is in fact many Energy Transitions. One size does not fit all. While many of the issues are the same, the local solution may not be.   Key topics over the Jakarta dinner included:   Carbon credits – how can Indonesia use carbon credits to support its energy transition? It’s clear that nature-based solutions will be a strong feature of the Indonesian carbon market. Gas and LNG – natural gas will be a key feature of the energy transition in Indonesia – the ability of Indonesia to transition away from coal needs the base load capacity of gas and LNG. Carbon Capture and Storage – has been given the legal and regulatory backing to succeed in Indonesia. The next stage needs to be putting in place the financing tools such as government financial support mechanisms (viability gap funding if necessary), the creation of an ASEAN CCS Hub structure through cross border agreements with Indonesia’s ASEAN neighbours as well as Japan and Korea Role of Blended Financing – financial support for the development of new energy technologies outside the traditional lending structures needs innovative financing techniques (carbon credits etc) as well as the de-risking of new technology that blended financing structures provide. Legal and Regulatory – Indonesia’s potential for renewables development as well as a hydrogen economy currently can only be driven at scale through Indonesia’s state opened monopolies. To accelerate transition Indonesia needs tools like direct power purchase agreements and wheeling contracting structures to allow private developers and commercial parties to accelerate the development of green electrons. Foreign Capital - Indonesia remains in need of foreign capital in order to action and deliver certain energy transition projects and large-scaled infrastructure generally. With interest rates high, and some investors wary of emerging markets such as Indonesia, securing foreign capital is likely to continue to be a challenge. Thank you to all who attended.

#Indonesia is on track to achieve its #SDG7 targets on #electrification and #cleancooking but may fall short of achieving its #renewableenergy target of at least 23 percent in the total final energy supply. Sustainable Energy for All (SEforALL) is working to ensure a coordinated United Nations approach to deliver the country's #energytransition efforts. Our current work in Indonesia focuses on strengthening the institutional capacity of local UN bodies to support the Indonesian government and its partners. https://lnkd.in/drK7YmAr

📢 Press Release Alert! Today, the ASEAN Centre for Energy officially launched the Position Paper on the Assessment of the Role of Coal in Energy Transition and Coal Phase-Out to respond to the ASEAN Taxonomy for Sustainable Finance Version 2 (March 2023) and Version 3 (March 2024), specifically addressing the role of coal and coal phase-out amidst the ASEAN energy transition. Held in Jakarta, Indonesia, the event invited key stakeholders as well as panel of experts, to discuss the implications and strategies for coal phase-out to ASEAN’s energy security. Dr. Nuki Agya Utama, PhD, Executive Director of ACE, remarked that the position paper underscores ASEAN’s commitment to sustainability, encouraging the financing realisation of Clean Coal Technologies/Carbon Capture Utilisation and Storage projects for a just and inclusive energy transition in ASEAN. Beni Suryadi, Manager of ASEAN Centre for Energy who supervised the development of the position paper, emphasised the importance of careful and guided energy policies related to coal use in ASEAN to maintain security and affordability of energy supply as well as optimise economic growth. 🔗 Read more: https://lnkd.in/gPKwCJKr

⚡ Vietnam's Energy Transition: Key Takeaways from Our Latest Visit    Recently, iGDP, supported by the World Resources Institute (WRI) and together with the Greater Bay Area Academy of Carbon Neutrality, completed the “Zero Carbon Leads to the Future - 2024 Vietnam New Energy Industry Field Trip”. The trip explored the opportunities and challenges of renewable energy development in Vietnam and China and sought solutions and directions for cooperation.     🔹 Power System Investment: We began our visit by engaging with local officials and power system experts at the Hanoi Authority for Planning and Investment. This session provided key insights into Vietnam's foreign direct investment landscape and the development plans for the country's new energy power system.     🔹 Solar Industry Development: Next, we visited Manfusi, a Vietnamese solar energy company in Hanoi, Boviet, a Chinese-funded solar company in Bắc Giang, and Wataco, a Japanese-funded solar company in Ho Chi Minh to discuss China-Vietnam cooperation in the solar energy sector, the challenges faced by Chinese PV manufacturers in exporting products, as well as the opportunities for future growth.     🔹 Electric Vehicles: In Ho Chi Minh City, we visited BYD's local distributor. One key takeaway was that the lack of charging infrastructure remains a significant barrier to EV adoption.      🔹 Battery Industry: Our final stop at Center Power's factory in Đồng Nai offered a closer look at the global strategies of Chinese-backed battery companies and the practical effects of international green trade tariffs and policies on the industry.    In the future, as the policy, technology, and market continue to mature, Sino-Vietnamese new energy cooperation will have more room for development. iGDP will continue to follow the industry dynamics and explore more cooperation opportunities. Stay tuned for updates on the more in-depth observations!     #CleanEnergy #ElectricVehicles #Vietnam #China #RenewableEnergy #Sustainability #EnergyTransition

The economy of the Association of Southeast Asian Nations (ASEAN) region experienced a rebound in 2021, achieving a 4.1 per cent economic growth in 2023, and is projected to increase up to 4.7 per cent by 2025. This positions ASEAN, which comprises 10 members–Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic (PDR), Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam, home to 680 million people–among the world’s fastest growing economies. With rapid industrialization and urbanization, ASEAN’s energy demand is expected to continue increasing. While the region depends on fossil fuels to meet the growing demand, it is focusing on a sustainable transition to low-carbon energy sources along with energy security and economic growth. Renewable energy sources (RES) account for over one-third of the region’s installed capacity, which is set to increase to over 39 per cent by 2025, surpassing the 35 per cent target for the year. In the long run, ASEAN is expected to witness a significant transformation in its energy mix, with a heavy dependence on RES for power generation. By 2050, RES such as solar, wind and hydro will contribute 1,742 TWh, or 63 per cent of the energy mix, exceeding the domination of fossil fuels in 2005 (85.8 per cent of 510 TWh) and 2022 (71.2 per cent of 1,267 TWh). This is driven by the region’s climate and energy goals. All ASEAN countries, except Indonesia and the Philippines, aim to reach net zero or carbon neutrality by 2050. While Indonesia aims to reach net zero by 2060, the Philippines does not have a specific target. #energytransition #roadmap #asean #economicgrowth #urbanization #industrialization #renewableenergysources #solar #windenergy #hydro #regionalcooperation #interconnectivity #crossborderelectricitytrade

It's really exciting to see that China continues to make significant strides in the renewable energy sector, with the recent launch of the world's largest solar farm located in a desert region of the north-west province of Xinjiang covering 200,000 acres. This monumental project not only showcases China's commitment to sustainability but also underscores its position as a global leader in renewable energy innovation. The scale of this endeavor is truly impressive, with the capacity to power an entire country. Not only in solar but in EV's, sustainable buildings, transportation and more. Try taking a walk in the streets of Shanghai or Beijing and you will see a large number of electric bikes, bicycles, EVs and huge buildings with a large variety of greenery and flowers everywhere, it is truly a sight to see. As we move towards a more sustainable future, China's pioneering efforts in renewable energy definitely sets a powerful example for the rest of the world to follow. Can we replicate this in Africa? Well nothing is impossible. We can do anything we set our minds to achieve if we are united. #RenewableEnergy #Sustainability #ChinaLeadingTheWay Read More from this article. https://lnkd.in/gFSQXwaq

Excellent thought provoking analysis by Mr Sumant Sinha. Of the many suggestions made in the article, I liked the following 3 points of view : a) For production of components to get diversified to multiple countries, creation of sufficient demand for locally produced components is crucial. b) Countries should focus on that part of the supply chain where they have competitive advantage, instead of competing with everyone else across all parts of the supply chain. c) Developing capabilities in 'mid- value chain' stages is where significant efficiencies and cost reductions can be achieved.