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TEMPO.CO, Jakarta – Deputy Finance Minister Suahasil Nazara said Indonesia has a great opportunity to promote a green economy, so it is expected to produce more than 60% power stations renewable energy by 2060.

“Indonesia has a huge opportunity to promote a green economy, such as new renewable energy which is expected to produce more than 60% of energy production by 2060,” he said in an official statement in Jakarta. , Thursday, December 8, 2022.

This was conveyed by Suahasil during a discussion on post-pandemic fiscal policy at the 11th Annual International Forum on Economic Development and Public Policy (AIFED) in Nusa Dua, Bali.

Suahasil explained that Indonesia is a country with the largest nickel reserves in the world and therefore has a great opportunity to increase the value added of natural resources (SDA). nickel be a battery.

Therefore, he stressed the importance of preparing flexible policies by strengthening data availability, accountability and fiscal discipline, especially to face the challenges of the future crisis.

The government continues to carry out several structural reforms, such as the implementation of the job creation law, the tax reform, the reform of the policy of transfer to the regions and the reform of the financial sector.

This effort is in line with the guidance of the World Bank’s Chief Economist, Habib Rab, who stressed that tax reforms need to be strengthened to sharpen priorities in supporting the development of the green economy.

Tax reforms to support a green economy are driven by sectoral policies, including on the regulatory and governance side, as well as other supportive policies to achieve low growth carbon.

In addition, reforms in the finance, investment and trade sectors can also contribute positively to green economy transformation efforts.

Strengthening the climate change mitigation policy framework can also be pursued through a three-pillar approach, namely improving prices, strengthening support for the green economy and a just transition.

To date, more than 130 countries have pledged to reduce emissions through Net Zero Emissions (NZE) and carbon neutrality, including developing countries like Indonesia.

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