Indonesian Minister of Energy and Mineral Resources Arifin Tasrif (R) and Japanese Minister of Economy, Trade and Industry Hagiuda Koichi (R) after signing the MoC in Jakarta on January 10, 2022. (Photo: ANTARA/VNA)
NDO/VNA - The governments of Indonesia and Japan have signed a Memorandum of Cooperation (MoC) on energy transition aimed at facilitating efforts to materialise Indonesia's energy transition programme.
The MoC was inked by Indonesian Minister of Energy and Mineral Resources Arifin Tasrif and Japanese Minister of Economy, Trade and Industry Hagiuda Koichi on January 10.
Tasrif was quoted by Antara News as saying after signing the MoC that the bilateral cooperation will help facilitate a technology transfer process in order to accelerate the energy transition process.
"Indonesia and Japan can jointly develop carbon capture, utilization, and storage (CCUS) technology by utilizing natural resources in Indonesia," he noted.
Indonesia's energy transition program needs the support of international partners in order to achieve the nation's target to become carbon neutral by 2060, he affirmed.
Hence, the Indonesian government invites investors to participate in order to support the program.
Meanwhile, Minister Koichi welcomed the cooperation to help accelerate the energy transition process in Indonesia.
"Japan wants to help materialize this target through the framework of the Asia Energy Transition Initiative," the Japanese minister noted.
The cooperation under the MoC encompasses preparations for a roadmap for the energy transition to clean emissions based on their respective national targets; the development and deployment of technologies that contribute to a realistic energy transition, including hydrogen, ammonia fuel, carbon recycling, and CCS/CCUS; support efforts in multilateral forums to accelerate technological cooperation that contributes to a realistic energy transition; and support for policy and human resource development as well as knowledge sharing on energy transitions and the applied technologies.
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