President Jokowi Pushes G7 Countries to Invest in Indonesia's Clean Energy Sector

Indonesian President Joko Widodo (Jokowi) invited G7 countries to take advantage of investment opportunities in the clean energy sector in Indonesia.

"Especially investment opportunities in the clean energy sector in Indonesia, including the development of electric car and lithium battery ecosystem," said President Jokowi while attending the G7 summit working lunch session on the topic of climate change, energy, and health, in Elmau, Germany, Monday (27/06/2022).

President Jokowi attends the G7 Summit working lunch session with the topic of climate change, energy, and health, in Elmau, Germany, Monday (27/06/2022). (Photo: BPMI Setpres/Laily Rachev)

According to President Jokowi, Indonesia has vast potential to contribute to clean energy. Indonesia needs significant investments and low-carbon technologies to support a fast and effective transition to clean energy.

"Indonesia needs at least US$25-30 billion for the energy transition in the next eight years. We can optimize this transition as a motor of economic growth, open up business opportunities, and create new jobs," said President Jokowi.

Furthermore, the President also said that in Indonesia and other developing countries, the risk of climate change is very real, especially since Indonesia is an archipelagic country with 17 thousand islands. The risks are detrimental to health and put farmers and fishermen in trouble.

"We really hope for the support of all G7 countries in the Indonesian Presidency at the G20. See you in Bali. Thank you," said the President, ending his remarks.

Bilateral Meeting with French President

President Jokowi held a bilateral meeting with French President Emmanuel Macron on the sidelines of the G7 Summit in Elmau, Germany, Monday, June 27, 2022. The two leaders discussed the situation in Ukraine as well as regarding Indonesia's G20 Presidency.

President Jokowi expressed his appreciation for President Macron's efforts to bring about peace in Ukraine.

"We all understand the situation is very complex. However, we need to continue to strive for a peaceful solution. If the war continues, the current food crisis will get worse," said President Jokowi.

President Jokowi also expressed his appreciation for France's support for Indonesia's G20 Presidency. President Macron reiterated his strong support for the Indonesian presidency and is confident that the G20 will be successful and can result in concrete cooperation.

Finally, President Jokowi conveyed the efforts to strengthen bilateral relations between Indonesia and France, both in the economic sector as well as in the defense and strategic industries.

Bilateral Meeting with German Chancellor

President Joko Widodo also held a bilateral meeting with German Chancellor Olaf Scholz on the sidelines of the G7 Summit in Elmau. President Jokowi discussed strengthening economic cooperation and G20 Presidency.

"As the largest economy in Europe and Southeast Asia, the opportunity for economic cooperation between Indonesia and Germany is very large. In the new and renewable energy sector, and in the high-tech industrial sector," the President said.

In the new and renewable energy sector, the President hopes that Germany can become a partner in processing the potential of 474 Giga Watt of new and renewable energy sources in Indonesia. The President also appreciated Germany's Green Infrastructure Initiative with a funding commitment of EUR 2.5 billion for 5 years.

Regarding the high-tech industrial sector, President Jokowi said that Indonesia has prepared an electric vehicle ecosystem from upstream to downstream, from mining and nickel smelting to the production of batteries and electric cars. The President saw the potential for cooperation in the development of the semiconductor industry and making it part of the global chip supply chain.

"Indonesia is also ready to follow up the cooperation in the development of the German Industrial Quarter, which can later become a production base and global supply chain," said President Jokowi.

On this occasion, President Jokowi also expressed his appreciation for Germany's support for the Indonesian Presidency at the G20. In the midst of a very complex and challenging world situation, the President hopes that Indonesia and Germany will continue to maintain the G20 so that it can remain a catalyst for economic recovery.

Bilateral Meeting with Indian Prime Minister

President Joko Widodo and Prime Minister (PM) of India Narendra Modi held a bilateral meeting on the sidelines of the G7 Summit in Elmau, Germany, Monday, June 27, 2022. The two leaders discussed efforts to strengthen cooperation in the food sector.

"Regarding cooperation related to food trade between the two countries, I will ask the Indonesian Minister of Trade to immediately communicate with the Indian Minister of Trade," said the President.

Regarding the situation in Ukraine, President Jokowi reiterated the importance of the war to stop.

"I am glad that Indonesia and India have more or less the same position, among others, pressing for a peaceful settlement," said the President.

On the occasion, President Jokowi also expressed his appreciation for India's strong support for Indonesia's G20 Presidency. Indonesia will also fully support India's G20 Presidency next year.