“Indonesia Targets $25.2 Billion in Private Investment for Green Hydrogen by 2060”

Indonesia is aiming to attract $25.2 billion in private sector investment for green hydrogen development by 2060, according to the Ministry of Industry. This initiative seeks to address potential energy crises in the industrial sector while significantly reducing carbon dioxide emissions, with a target of cutting 912 million tons of CO2 by 2030.

Despite the high production costs, green hydrogen presents greater business potential than conventional hydrogen, noted Dendy Apriandi, Director of Investment Deregulation at the Ministry of Industry. A key player in this effort is the state-owned oil and gas company Pertamina, which has committed $11 billion toward achieving its green energy goals.

Green hydrogen, produced through the electrolysis of water using renewable energy sources like solar, wind, or hydropower, is seen as the cleanest and most sustainable alternative to fossil fuels. It has the potential to transform heavy industry, long-haul transportation, and long-term energy storage by offering a clean, emission-free fuel solution.