Sri Mulyani: Indonesia needs Rp3,500T to boost electricity generation, reduce carbon emission

Sri Mulyani
Finance Minister Sri Mulyani. (IO/Pramita Hendra)

“We have estimated the cost, and with this much of fund allocation by the government, there is a financing gap. Who is going to pay for this? If no one wants to pay, we will keep talking about this expensive project,” she remarked.

Previously, President Joko Widodo said Indonesia would need around US$25 billion to US$30 billion to fund its energy transition over the next eight years.

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“We can optimize this transition as an engine of economic growth, to open up business opportunities and create new jobs,” said Jokowi.

According to the president, the risk of climate change is very real in Indonesia and other developing countries. It will impact not only health, but also the livelihoods of farmers and fisherfolks. Moreover, Indonesia is an archipelagic country with 17,000 islands.

“We really expect the support from all G7 countries in Indonesia’s G20 Presidency,” concluded Jokowi. (rr)