Bingkai Karya – In a pivotal address at the Asia Zero Emission Community (AZEC) Summit in Tokyo, Indonesian President Joko Widodo, widely known as Jokowi, delineated a comprehensive set of measures aimed at combating climate change. The inaugural AZEC Summit convened at the office of the Japanese Prime Minister, bringing together leaders from various nations to discuss strategies for a sustainable and emission-free future.
Jokowi underscored the significance of tailoring energy transition strategies to each country’s unique circumstances, citing Indonesia’s commitment to the “Indonesian Way of Just Energy Transition.” Central to this approach is the development of new and renewable energy sources alongside a concerted effort to promote decarbonization.
As the world’s third-largest tropical forest country, Indonesia has undertaken significant steps to address climate change. Jokowi highlighted the nation’s initiatives, including measures to curb deforestation and forest degradation, coupled with leveraging mangroves as crucial carbon sinks.
A notable aspect of Jokowi’s address was his call for prioritizing cooperation in decarbonization through inclusive financing. He specifically advocated for support towards Carbon Capture Storage (CCS) and Carbon Capture Utilization and Storage (CCUS) projects. Emphasizing the importance of innovative financing schemes, Jokowi stressed that sustainable financing is pivotal to facilitating successful energy transitions.
The president drew attention to the ambitious financial requirements for a successful energy transition within the Association of Southeast Asian Nations (ASEAN), estimating a need for $29.4 trillion by 2050. Jokowi expressed confidence that sustainable financing could not only drive energy transitions but also stimulate economic growth, providing tangible benefits to the populace.
Highlighting Indonesia’s commitment to innovative financing, Jokowi mentioned mechanisms such as energy transition financing, green bonds, green Islamic bonds, and the Indonesia Carbon Exchange (IDXCarbon). He stressed the necessity of a collaborative approach involving the government, private sector, and banks to secure sufficient funds for projects focused on carbon reduction and expediting the energy transition.
Jokowi spotlighted specific priority projects in Indonesia, including the Muara Laboh geothermal plant, the Legok Nangka waste-to-energy project, and peatland management in Central Kalimantan. These projects serve as tangible examples of the nation’s dedication to reducing carbon emissions and embracing sustainable practices.
In concluding his address, Jokowi expressed hope that the outlined measures and collaborative efforts within the AZEC framework would position the summit as a pivotal platform for countries to unite, collaborate, and concretely contribute to the global endeavor of emission reduction. The president’s vision encompasses not only environmental stewardship but also the fostering of economic growth through sustainable practices, reflecting Indonesia’s commitment to leading by example in the fight against climate change.