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) 🥃– 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.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
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.
Indonesia deploys investment plan for 20 bln USD energy transition pact (Photo:sg.finance.yahoo.com) 
