During a side event at the ongoing WEF Annual Meeting, the government promoted Indonesia as a destination for renewables investments, highlighting its abundant energy sources and sustainability principles as it aims to achieve energy self-sufficiency.
ndonesia pitched domestic renewable and green energy investments to businesses and foreign representatives at the World Economic Forum (WEF) Annual Meeting running from Jan. 20 to 24 in Davos, Switzerland, saying the government had readied multiple incentives to make the potential deals worthwhile.
Febrian Alphyanto Ruddyard, the permanent representative to the United Nations, the World Trade Organization and other Geneva-based international organizations, said on Tuesday that the country possessed large renewable energy potentials of up to an estimated 3,700 gigawatts (GW) from wind, hydropower, tidal, bioenergy and geothermal sources.
“For green investments, we have come up with a lot of incentives, including a tax holiday or allowance up to 25 percent,” Febrian, who is also deputy minister of national development planning, told a live streamed panel discussion held on the sidelines of the annual meeting in the Indonesia pavilion.
He also noted that the country, situated on the Ring of Fire, had one of the largest geothermal reserves in the world, pointing to the islands of Java and Sumatra as primary sources because they were home to more than 70 volcanoes.
In a statement on Tuesday, Investment and Downstream Minister Rosan Roeslani touted the country as the right destination for global investors, citing its adoption of sustainability principles.
“Davos gives us a great opportunity to promote potential investments in Indonesia. For that, we will maximize our time to meet with as many as potential investors that have the same vision as the country,” Rosan said, referring to the ongoing WEF meeting.
The minister also said Indonesia was willing to collaborate with all countries, so long as they were mutually beneficial.
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