Indonesia, Japan ink Memorandum of Cooperation on energy transition
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.
Indonesian Minister of Energy and Mineral Resources Arifin Tasrif (right) and Japanese Minister of Economy, Trade and Industry Hagiuda Koichi (right) after signing the MoC in Jakarta on January 10, 2022. (Photo: ANTARA)
Jakarta (VNA) - The governments ofIndonesia and Japan have signed a Memorandum of Cooperation (MoC) on energytransition aimed at facilitating efforts to materialise Indonesia's energytransition programme.
The MoC was inked by Indonesian Minister of Energyand Mineral Resources Arifin Tasrif and Japanese Minister of Economy, Trade andIndustry Hagiuda Koichi on January 10.
Tasrif was quoted by Antara News as saying after signing the MoC that the bilateral cooperation will help facilitate atechnology transfer process in order to accelerate the energy transitionprocess.
"Indonesia and Japan can jointly develop carboncapture, utilization, and storage (CCUS) technology by utilizing natural resourcesin Indonesia," he noted.
Indonesia's energy transition program needs thesupport of international partners in order to achieve the nation's target tobecome carbon neutral by 2060, he affirmed.
Hence, the Indonesian government invites investorsto participate in order to support the program.
Meanwhile, Minister Koichi welcomed the cooperationto help accelerate the energy transition process in Indonesia.
"Japan wants to help materialize this targetthrough the framework of the Asia Energy Transition Initiative," theJapanese minister noted.
The cooperation under the MoC encompassespreparations for a roadmap for the energy transition to clean emissions basedon their respective national targets; the development and deployment oftechnologies that contribute to a realistic energy transition, includinghydrogen, ammonia fuel, carbon recycling, and CCS/CCUS; support efforts inmultilateral forums to accelerate technological cooperation that contributes toa realistic energy transition; and support for policy and human resourcedevelopment as well as knowledge sharing on energy transitions and the appliedtechnologies./.
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Indonesian Minister of Energy and Mineral Resources Arifin Tasrif (right) and Japanese Minister of Economy, Trade and Industry Hagiuda Koichi (right) after signing the MoC in Jakarta on January 10, 2022. (Photo: ANTARA) 
