Indonesia’s energy transition: Sri Mulyani, ADB President, discuss solutions and strategies

Jakarta – Finance Minister Sri Mulyani Indrawati and Asian Development Bank (ADB) President Masatsugu Asakawa explained Indonesia’s serious commitment to energy transition during their strategic meeting at the 57th Asian Development Bank (ADB) Annual Meeting in Tbilisi, Georgia.

Sri Mulyani revealed that the discussion highlighted Indonesia’s cooperation with ADB, especially in implementing the Energy Transition Mechanism (ETM), as Indonesia’s real step towards a sustainable energy transition.

“In this meeting, we discussed updates on the development of the Energy Transition Mechanism (ETM), where ADB provides full support, one of which is the phasing out of the Cirebon-1 PLTU with a capacity of 660 Megawatts,” Sri Mulyani said through her Instagram account @smindrawati.

In addition, Masatsugu also highlighted the Coalition of Finance Ministers for Climate Action (CFMCA) initiative, which received broad support from several developed countries. The discussion also extended to the dynamic global economic turmoil, where Sri Mulyani explained the need for proactive policies to address macro pressures.

“This meeting shows our optimism for cooperation that can be used as an example at the global level on how the energy transition can be carried out concretely,” Sri Mulyani added.

Before the meeting in Georgia, Sri Mulyani and ADB President Masatsugu Asakawa also had intensive discussions in Washington DC, United States, on the energy transition in Indonesia. This marks an intensive communication between Indonesia and ADB in addressing energy transition challenges, expected to benefit Indonesia and all ADB member countries. (Hartatik)

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