Coordinating Minister for Economic Affairs Airlangga Hartarto has highlighted two key opportunities for Indonesia in the development of a green economy. Speaking at the Green Economy Expo 2024 in Jakarta on 26 June, Airlangga emphasized the country's transformation towards a sustainable green economy, aligning with the Sustainable Development Goals (SDGs), the Paris Agreement, Indonesia's Vision 2045, and the Net Zero Emission (NZE) target for 2060. The first opportunity lies in Indonesia's energy sector, which is focusing on transitioning to renewable energy sources such as solar, wind, hydro, and biomass. Airlangga noted that current energy policies aim to reduce carbon emissions from coal-fired power plants through the use of ammonia and Carbon Capture Storage (CCS) technology. Additionally, he underscored the importance of developing the electric vehicle (EV) ecosystem to reduce greenhouse gas emissions from fossil fuels. Airlangga also mentioned the development of the Indonesia Circular Economy Roadmap & National Action Plan 2025-2045 and the Food Loss and Waste Management Roadmap as crucial steps towards supporting industry and achieving food security by 2045. He pointed out that 152 companies currently hold green certifications, with hopes for more in the future.
The second opportunity involves the growth of new economic activities based on circular economy principles, including sustainable natural resource-based industries and the blue economy. The development of 22 Special Economic Zones (KEKs) is part of this effort, aimed at attracting green investments. Furthermore, Airlangga emphasized the impact of green economic innovation on micro, small, and medium enterprises (MSMEs). Currently, 22.5 million MSMEs are digitized, and with proper support and funding, they can scale up to medium or even large businesses. Minister of National Development Planning/Bappenas, Suharso Monoarfa, also highlighted the launch of the Circular Economy Roadmap & National Action Plan 2025-2045 and the Food Loss and Waste Management Roadmap. These initiatives are part of Indonesia's commitment to tackling climate change and ensuring sustainable resource management for future generations, aligning with the Long-Term National Development Plan (RPJPN) 2025-2045. In summary, Indonesia's green economy strategy focuses on renewable energy transition, circular economy principles, and comprehensive industry support to achieve sustainability and economic growth.
