Indonesia’s Readiness to Make Energy Transition

Energy sources, economic development, and technological development are an inseparable trilogy. The use of advanced technology to produce energy can turn the wheels of the economy. But if the energy used is non-renewable energy, it can cause negative externalities and adversely affect the environment. In the current 21st century, the emergence of various new energy sources such as nuclear, natural gas, and hydrogen began to replace non-renewable energy. But the adoption of renewable energy still faces very many challenges such as funding, governance, regulation, public awareness, and others.

Indonesia is relatively rich in non-renewable energy sources and still uses these materials, but now is the time to start contributing to preserving a degraded world. Because of this awareness, the UNPAR Center for Economics Studies in collaboration with the Alumni Association of the Faculty of Economics UNPAR held a seminar entitled “Indonesia’s Readiness to Make Energy Transition” in a hybrid manner which was held at the South Building of PPAG2 and through the Zoom platform. The speakers at this seminar were from BRIN (Dr. Maxensius Tri Sambodo, S.E., MIDEC), Bank Indonesia (Heru Rahadyan, M.Sc., Ph.D.), and Ivan Irawan, S.H., LL.M, CLA (Senior Advisor to CEO of PT. Gas Transportation Indonesia).

Energy transition in Indonesia is a must because the use of non-renewable energy raises negative externalities and Indonesia is bound by various agreements. On the one hand, Indonesia also has a lot of renewable energy potential that can be utilized. But there are challenges such as financial, capability and governance in making the energy transition. To overcome these challenges requires the same vision, real roles from various parties to work together to realize a greener Indonesia.