The Indonesian government stated that it will require US$365 billion in international investment to achieve its pledged emission reduction targets. Indonesia has stated that it will reduce its greenhouse gas emissions by 29% by 2030. According to Indonesian Finance Minister Sri Mulyani Indrawati, the country needs an investment of US$365 billion to achieve this.

The government has stated that if it can raise US$479 billion in international investment, it can reduce emissions by 41% by 2030. The government has stated that it can contribute 20% of these payments.

Indrawati said the government needs to consider how to "design policies and frameworks" to use public-private partnerships and international partnerships to fill the financing gap to achieve its goals. The Indonesian government is considering plans to introduce a carbon tax and prepare a carbon market. Also considering levying a plastic tax, which may bring in revenue of IDR 1.6 trillion (US$111 million).

Pinsent Masons MPillay is a Singapore joint venture law firm between MPillay and Pinsent Masons, the law firm behind Out-Law. He said: "This represents another positive step in the development of the Indonesian market and economy. Recently, some measures have been taken to expand the country. Renewable energy sector. The move mentioned by the Minister of Finance will be greatly welcomed by participants in the renewable energy market."

Keywords: low carbon emission reduction, international engineering news

In July, the Indonesian government submitted the latest national climate targets to the United Nations. The country plans to achieve net zero emissions by 2060 or earlier. At the same time, the country’s state-owned power distributor Perusahaan Listrik Negara (PLN) has prepared plans for large-scale green energy power plants and will increase investment in these power plants in preparation for its forecast that Indonesia’s power demand will increase by 2060 Five times.Editor/Baohongying