With an abundance of almost every renewable energy source — including 40 percent of the world’s geothermal reserves — Indonesia can be a global clean energy leader. By tapping this stockpile, it can also avert a looming energy crisis and realize its huge economic potential.
The key task is to diversify the power generation mix toward renewables such as geothermal, solar, wind and biomass.
The government’s ambitious plan to raise renewables’ share to 23-25 percent by 2025 from just 6 percent now would expand access to electricity, support industrial growth, and reinvigorate the country’s less developed regions.
But this will only happen if the government’s laudable vision is followed by action. Targets need to translate into real projects and stable private sector investments.