Sri Mulyani: Energy Transition Facing Political and Social Complexity

Minister of Finance Sri Mulyani. (Photo: Doc. ANTARA)

JAKARTA - Indonesian Minister of Finance Sri Mulyani Indrawati said that the energy transition faces complexity in the process, both politically and socially.

"The energy transition is a very complex process, especially because it must prioritize the principles of energy affordability and justice," said Sri Mulyani, quoted from ANTARA, Wednesday, April 17.

In that context, according to him, the Ministry of Finance (Kemenkeu) plays an important role in providing various appropriate policy frameworks and developing more instruments and policies related to financing mechanisms for the private and philanthropic sectors.

The Ministry of Finance continues to make these efforts.

"Especially with more than 100 thousand islands and 270 million people, this complexity is becoming increasingly real for Indonesia. "How to design this energy transition, while maintaining growth at an average of more than 5 percent for almost two decades is a lesson from Indonesia that I bring to this forum," she said.

Sri Mulyani added that facing the challenges of the energy transition requires strong joint work through collaborative synergy between ministries, regional governments, the private sector, between governments, as well as international support.

"We will continue to remind that the energy transition problem is not a problem of individuals or one institution. It must be done together. "Both at the Indonesian, regional, and global levels," said Sri Mulyani.

Sri Mulyani will attend the IMF Spring Meetings in Washington.

He admitted that he would talk about global, regional, and national economic conditions which were changing so rapidly and volatile over the next few days with geopolitical tensions in the Middle East and also in various parts of the world which had a huge impact on the global economy, both in terms of prices. commodities, exchange rates, inflation rates, and global interest rates.