Indonesia revealed concrete steps it will take to achieve a fair and affordable energy transition at the 2022 World Economic Forum Annual Meeting (WEFAM) in Davos, Switzerland.
Indonesian President Joko Widodo at the launch of construction on a green industrial park in Bulungan Regency of North Kalimantan province on December 21, 2021. (Photo: BPMI)
Jakarta (VNA) - Indonesia revealed concrete steps it willtake to achieve a fair and affordable energy transition at the 2022 WorldEconomic Forum Annual Meeting (WEFAM) in Davos, Switzerland.
In his statement in Davoson May 25, Coordinating Minister for Economic Affairs Airlangga Hartarto saidIndonesia is committed to gradually reducing fossil fuel utilisation for thesake of climate security in the future, noting that this commitment is beingrealised through various concrete and innovative steps.
Indonesia has also joinedthe initiative to phase out coal, he added.
This generation's important task is to pass down aplanet worth living to the next generation, and to achieve this, atransformation of people's lifestyles is needed, especially in the energysector, which accounts for 72 percent of total global emissions, he remarked.
Hartarto held that to handle this dilemma, it isnecessary to create better and more eco-friendly jobs as well as invest inworkers' training and reskilling. Only then this energy transition canbe called fair.
A fair and affordable energy transition to thegreen economy can generate up to 26 trillion USD in net benefits and 65 millionhigh-value jobs by 2030. However, large funds are needed to reach that stage.
In response to this, the minister underlined theimportance of developed countries fulfilling their commitment to providingfunding to support global energy transition every year./.
Indonesia's state energy firm PT Pertamina sets a goal of doubling its geothermal capacity by 2028, which might cost an estimated 4 billion USD, as the country tries to reduce its dependency on fossil fuels.
The development of micro, small, and medium enterprises (MSMEs) is necessary and important to promote Indonesia’s economic growth, said Coordinating Minister for Economic Affairs Airlangga Hartarto.
Indonesian Minister of Trade Muhammad Lutfi has discussed with Canadian Minister of International Trade, Export Promotion, Small Business and Economic Development Mary Ng to further strengthen bilateral cooperation through trade, with emphasis on four major areas.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
Efforts to empower women must transcend dialogue and translate into concrete commitments, including corporate pledges and government partnerships, according to the spouse of Malaysian Prime Minister Anwar Ibrahim.
The forum featured two in-depth discussion sessions, engaging representatives from governments, think tanks, and businesses from both ASEAN and China, on how to forge closer ties for a common future.
The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
PM Anwar Ibrahim affirmed the determination of Malaysia, as ASEAN Chair for 2025, to utilise all viable regional mechanisms of the bloc and work with partners to de-escalate violence and restore a peace process led by Myanmar.
Talking to the Vietnam News Agency on the occasion of the 100th anniversary of the Vietnam’s Revolutionary Press Day (June 21, 1925–2025), Nikulina, who is also a veteran journalist of Russia’s Sputnik News, emphasised the vital role of mainstream journalism in defending the truth and maintaining public trust.
The Ministry of Commerce reported that imports also rose 18% to 29.9 billion USD during the same period, resulting in a trade surplus of 1.1 billion USD. In May alone, Thailand posted a 4.6 billion USD trade surplus with the US and a 4.1 billion USD trade deficit with China.
The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
Indonesian President Joko Widodo at the launch of construction on a green industrial park in Bulungan Regency of North Kalimantan province on December 21, 2021. (Photo: BPMI) 
