Indonesia’s move to accelerate the transition to more environmentally friendly energy has the full support of the World Bank. This was conveyed by the Managing Director of Operations of the World Bank, Axel van Trotsenburg on the sidelines of the Business 20 Summit in Nusa Dua, Bali, yesterday (15/11).
He said that the World Bank’s support for Indonesia’s economic reforms had been established for a long time through various cooperation programs.
“With the global need to deal with climate change at this time, the World Bank is ready to support energy transition steps in Indonesia to reduce carbon emissions, including through the development of new renewable energy such as solar, wind, and hydro energy,” said Trotsenburg in his statement, quoted on Wednesday (16/11/2022).
Meanwhile, the Coordinating Minister for the Economy Airlangga Hartarto explained that Indonesia will continue to encourage the use of renewable energy by prioritizing sustainable principles in an effort to transform Indonesia’s economy.
In order to address the economic challenges currently being faced, the government also ensures that jobs are maintained and avoids the impact of a deeper economic downturn such as extreme poverty.
Indonesia was also able to maintain the level of the economy showing a positive trend during 2022, where Indonesia experienced positive growth of 5.72% in the third quarter.
“Indonesia is currently developing hydro energy in the North Kalimantan region. Later the electricity produced will not only be intended to meet Indonesia’s needs but can be sold to Brunei Darussalam and the Philippines,” said Airlangga.
For information, Airlangga held a meeting with the Managing Director of Operations World Bank Axel van Trotsenburg, on the sidelines of the Business 20 Summit in Nusa Dua, Bali, Monday (14/11).
During the meeting, Airlangga was accompanied by the Chairman of Commission I DPR RI Meutya Hafid, Coordinating Minister for Economic Affairs Susiwijono Moegiarso, General Chairperson of KADIN Arsjad Rasjid, Deputy Chairperson of KADIN Shinta Kamdani, and Assistant Deputy for European, African and Middle Eastern Economic Cooperation at the Coordinating Ministry for Economic Affairs Fajar Wirawan Harijo .
Meanwhile from the World Bank, Mr. Axel van Trotsenburg was accompanied by the World Bank Representative for Indonesia and Timor Leste Satu Kahkonen.