NRE can become foreign exchange to replace fossil energy

Jakarta – The development of new and renewable energy (NRE) during the energy transition period could be an opportunity for Indonesia to bring in foreign exchange, according to a Ministry of Energy and Mineral Resources (ESDM) official, Monday (24/10). So far, foreign exchange in the energy sector still relies on fossil energy.

“Indonesia has diverse energy sources. Starting from fossil energy to new renewable energy, this is our potential to take advantage of the current conditions,” said Director of Various New Energy and Renewable Energy ESDM Andriah Feby Misna in the webinar Renewable and Nuclear Energy Readiness in Support Net Zero Emission Achievement.

She said, a number of countries are starting to compete to invest in Indonesia with the aim of filling their country’s energy needs. Even so, he reminded relevant stakeholders not to forget the domestic energy needs. “That doesn’t mean we don’t want to export. What is important is that this energy transition should not be allowed to only help foreign countries,” said Misna.

The need for domestic energy and the need for exports will need to be balanced, she said, adding that “there needs to be a formula that allows Indonesia to use NRE and at the same time turn it into foreign exchange. So far, our foreign exchange has only come from fossil energy. In the future, we can transfer it to NRE.” (Hartatik)

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