Indonesia seeks 25.2 billion USD for Green Hydrogen Development by 2060
Key Ideas
- Indonesia aims to reduce carbon emissions by 43% by 2030, requiring 25.2 billion USD private sector investment for green hydrogen development.
- Pertamina has already invested 11 billion USD in green hydrogen development, and a 1.2 billion USD project with GGGI, Samsung, and Hyundai is in progress.
- Despite higher production costs, green hydrogen is seen as more promising than conventional gray hydrogen or natural gas in terms of business potential.
- Hydrogen development in Indonesia is viewed as a crucial strategy to prevent energy crises and achieve significant carbon dioxide reduction targets by 2030.
Indonesia's Ministry of Investment has revealed that the country is targeting 25.2 billion USD in private sector investment for green hydrogen development between 2031 and 2060. This initiative is part of Indonesia's plan to reduce carbon emissions by 43% by 2030. Pertamina, a key player in the energy sector, has already committed 11 billion USD towards green hydrogen projects. Additionally, the Global Green Growth Institute (GGGI) is collaborating with Samsung and Hyundai on a 1.2 billion USD project in North Sumatra to produce green hydrogen. Despite the high production costs, green hydrogen is considered a more promising alternative to traditional hydrogen sources like gray hydrogen or natural gas. The Ministry of Industry has emphasized the importance of hydrogen development in mitigating energy crises in the industry sector and supporting efforts to reduce carbon dioxide emissions. Indonesia has set ambitious targets to reduce 912 million tonnes of CO2 by 2030, highlighting the critical role of green hydrogen in achieving these goals.
Topics
Investing
Carbon Emissions
Investment
Green Energy
Partnerships
CO2 Reduction
Industry Sector
Energy Crises
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