A significant step towards regional sustainability has been taken with the agreement between Indonesia and Singapore to spend over US$10 billion in green energy projects, according to a report released on Saturday by the Indonesian news agency (ANTARA).
Today, Indonesia and Singapore signed three memorandums of understanding (MoUs) that will benefit both countries,” stated Bahlil Lahadalia, Indonesia’s Minister of Energy and Mineral Resources, on Saturday.
A supply chain for solar panels, the patenting of carbon capture and storage (CCS) technology, and the establishment of green industrial zones are just a few of the ecologically sustainable energy measures that will be supported by the US$10 billion investment. The magnitude of the investment, according to Lahadalia, demonstrates both nations’ steadfast dedication to renewable energy and the commercial prospects it offers in Southeast Asia.
Large-scale solar panel installations, the development of CCS facilities to establish Indonesia and Singapore as regional leaders in carbon management technologies, and the creation of green industrial zones that integrate low-emission supply chains across the manufacturing, technology, and logistics sectors are just a few of the strategic areas that will receive the investment.
Also Read:
About Author
