Government to Kick-Start $56b in ‘Green’ Investments

   Jakarta. Indonesia will hold a global renewable energy summit next week, marking the launch of the country’s initiative to attract $56 billion in investment in environmentally friendly power generation over the next five years.

The “Tropic Landscape Summit 2015,” next Monday and Tuesday, will bring together government representatives and investors in the renewable energy industry from Australia, Switzerland, China, France, the United States, Britain and Singapore.

“Indonesians will account for 3.5 percent of the world population in 2025, but our fossil fuel reserves are much less than our needs,” Sudirman Said, the minister for energy and mineral resources, said at a press conference in Jakarta on Wednesday.

“If we rely only on fossil fuels, we will run out when the time comes. We don’t have any choice other than to shift to renewable energy,” he said.