Indonesia deploys investment plan for 20 bln USD energy transition pact
Indonesia on November 21 launched an investment plan to attract 20 billion USD pledged by the US and Japan in a renewable energy transition pact agreed last year for the archipelago to slash emissions and wean itself off coal.
Indonesia deploys investment plan for 20 bln USD energy transition pact (Photo:sg.finance.yahoo.com)
Jakarta (VNA) ꦬ– Indonesia on November 21launched an investment plan to attract 20 billion USD pledged by the US andJapan in a renewable energy transition pact agreed last year for thearchipelago to slash emissions and wean itself off coal.
The roadmap, which comes less than two weeks beforethe COP28 summit in Dubai, outlines Jakarta's vision to reach net-zero powersector emissions by 2050 using cash from the Just Energy Transition Partnership(JETP). Under the Comprehensive Investment and Policy Plan(CIPP), the Southeast Asian nation will seek to slash its carbon dioxideemissions to 250 million tonnes for its on-grid power sector by 2030. Thatis down from a previous cap of 290 million. Indonesian Minister of Maritime and InvestmentsErick Thohir said the CIPP provides a strategic roadmap for the ambitiousenergy transition in Indonesia by considering challenges including technical,financial, and social justice. Indonesia also plans to boost its renewable energygeneration share to 44 % by 2030, up from an initial target of 34 %. According to CIPP, Indonesia will need at least 97.3billion USD worth of investments, nearly five times more than the fundingpromised by the JETP investors, to achieve its target. Of the amount, 66.9billion USD will be spent for 400 projects that need to be launched no laterthan 2030./.
Indonesian Agriculture Minister Amran Sulaiman on November 13 said that the country will need to import up to 5 million tonnes of rice by 2024, citing the impact of the El Niño climate phenomenon on rice production.
Indonesia's Defense Minister Prabowo Subianto on November 15 called on other member states of the Association of Southeast Asian Nations (ASEAN) to help Myanmar find a peaceful and durable solution to the current situation.
The Asian Development Bank (ADB) on November 15 said that it has approved a 500 million USD loan to boost Indonesia's human capital and improve labour productivity.
Malaysia, as ASEAN 2025 Chair, marked the bloc’s 58th founding anniversary on August 8 with a vibrant celebration in Cyberjaya, blending an official ceremony with a colorful cultural festival.
Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
The 2025 ASEAN Business Community Development (ABCD) Forum, themed “Empowering ASEAN's Next Leap: Digital, Sustainable & Entrepreneurial Transformation” brought together ministers, CEOs, and top industry experts to discuss key regional economic priorities.
The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
The Indonesian Government is determined to seize opportunities to enhance the competitiveness of national agricultural products, an official has said, adding that it always strives to promote exports at the highest possible level, based on a mutually beneficial foundation.
Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
Indonesia is accelerating plans to increase lithium imports, particularly from Australia, in a bid to fill gaps in the electric vehicle (EV) battery supply chain and realise its ambition of becoming a global EV manufacturing hub.
Malaysia’s gross expenditure on R&D (GERD) reached 1.01% of gross domestic product in 2022, a notable increase, with more than 51% contributed by the industry sector. The country is targeting GERD to reach 2.5% by 2030, in line with the national goal of transforming into a high-technology nation.
Indonesia deploys investment plan for 20 bln USD energy transition pact (Photo:sg.finance.yahoo.com) 
