- The Head of Indonesia’s delegation at the 29th United Nations Climate Change Conference, Hashim S Djojohadikusumo (“Delegation Head”), has affirmed that the president has established a wide variety of programs aimed at tackling ongoing climate-related issues, including the 100-gigawatt renewable energy program (“Program”). The Delegation Head explained that the Program will run until 2040 and have an overall investment value of US$ 235 billion.
- The Delegation Head went on to explain that this investment will be used to develop additional electrical power capacity of over 100 gigawatts, 75% of which will derive from renewable energy (e.g. geothermal, hydropower and nuclear). In this context, the Delegation Head has affirmed that the government plans to develop a center for nuclear power, which will hopefully become operational within 15 years.
- In addition to these various initiatives, the Delegation Head also announced several other key projects, including carbon capture and storage (“CCS”). In this regard, the Delegation Head highlighted that several multinational companies have expressed an interest in investing in CCS technologies. Furthermore, the Delegation Head also emphasized that Indonesia has significant potential to become a global leader in carbon storage, noting that the country’s underground formations have the capacity to store up to 500 gigatons of carbon. (ANT)
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