Indonesia’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, is set to simplify investment requirements in the renewable energy sector to boost development. Bahlil highlighted that investors currently face years of delays just to establish facilities, compounded by the prolonged wait for other necessary approvals. This has contributed to the slower-than-expected transition from fossil fuels to renewable energy. The goal was for renewable energy to account for 23% of Indonesia's national energy mix by 2025, a target now at risk. "We will cut down on both the requirements and the time needed to encourage investors to accelerate their investments," Bahlil stated in Jakarta on Wednesday. He emphasized that the complex regulatory framework could hinder the national target for net-zero carbon emissions by 2060.

Bahlil noted Indonesia’s vast potential for renewable energy resources, which should be utilized effectively. He assured investors, "There’s no need to hesitate. I’ve reported this to President Jokowi and President-elect Prabowo, and we will implement various constructive reforms to expedite progress." The renewable energy sector is currently highly contested in Southeast Asia, as the global shift toward greener energy sources intensifies. Bahlil argued that Indonesia holds a competitive advantage over other Southeast Asian countries due to its carbon capture storage (CCS) for CO2. "Indonesia has a significant potential for renewable energy and possesses carbon CO2 storage that other countries lack. I have instructed the Director General of Electricity and the Director General of Renewable Energy not to rush into EBT exports," he concluded.

Source: https://www.antaranews.com/berita/4341351/menteri-bahlil-siap-pangkas-syarat-investasi-ebt