Indonesia and Australia Deepen Energy Transition Cooperation

Indonesia and Australia further strengthened energy transition cooperation through the signing of a Memorandum of Understanding (MoU) in Jakarta on Tuesday.

IDXChannel - Indonesia and Australia further strengthened energy transition cooperation through the signing of a Memorandum of Understanding (MoU) in Jakarta on Tuesday (2/7/2024).

David Fredericks, Secretary of the Australian Department of Climate Change, Energy, the Environment & Water (DCCEEW) and Dadan Kusdiana, Secretary General of the Indonesian Ministry of Energy and Mineral Resources (ESDM) signed the MoU.

“In collaboration, we will work together to share knowledge and best practice approaches to tackle key issues in the energy transition and to achieve net zero,” Fredericks said in a media release.

 Fredericks said this MOU deepens the partnership between Australia and Indonesia, building on both countries’ comparative advantages, to support the energy transition and promote investment in energy infrastructure and clean energy manufacturing.

The Australian Embassy will work with ESDM to identify opportunities for collaboration with a focus on renewable energy grid integration, energy efficiency and clean energy supply chains.

"Indonesia is keen to enhance its cooperation with Australia in the energy sector. We also aim to drive private investment to accelerate our journey towards achieving net zero emissions," Eniya Listiani Dewi, Director General of New, Renewable Energy, and Energy Conservation at the ESDM stated.

This partnership will strengthen the annual Australia-Indonesia Energy Dialogue. It also complements the recent launch of the Australia-Indonesia Climate and Infrastructure Partnership (KINETIK), the Australia-Indonesia MoU on EV cooperation, and the MoU between Indonesian Perusahaan Listrik Negara and Export Finance Australia to develop a USD200 million capital financing facility to support Indonesia’s energy transition. (WHY)