Backed by Chinese capital, Indonesia’s rapidly growing nickel sector has shown how important geology, technology and controlling the means of production is to the battle lines being drawn over critical minerals.
Australia is no longer competitive in the nickel market, largely due to Indonesia’s recent domination in the sector. This domination strategy has been carefully planned by Indonesia as it looks to boost its downstream industrial policy in critical minerals processing with the backing of Chinese investments.
In a heavily forested district in Indonesia’s portion of the island of Borneo, excavators and an army of surveyors are clearing the way for a $2.6 billion hydroelectric plant, purpose-built to power a vast industrial park — a project lauded by its backers and Jakarta’s government as evidence that economic growth can come with limited carbon cost.
Indonesia’s prudential regulator, the Financial Services Authority (OJK), is currently engaged in discussions regarding the potential classification of coal-fired power plants as ‘green’ under a planned update to its classification scheme for green investments, the Indonesian Green Taxonomy (THI).
For several years, Tesla and its CEO Elon Musk have flirted with entering the Indonesian market. The Indonesian government has made overtures, while Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan showed up at Tesla’s manufacturing plant in Texas.
Indonesia has kicked off its maiden trade in carbon credits, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade.
Few people outside of the mineral industry know about Harita Nickel, and it does not help that the company’s mining operations and smelter facilities are located on a remote island in the northern part of Maluku, more than 2,300 kilometers from Jakarta.
Indonesia has asked the United States to begin talks on a trade deal for critical minerals so that exports from the Southeast Asian country can be covered under the U.S. Inflation Reduction Act, an Indonesian ministry said on Thursday.
Indonesia has pushed back the launch of a much-anticipated investment plan underpinning a landmark $20 billion climate financing deal struck with US President Joe Biden last year.
As Tamar Ana Jawa wove a red sarong in the fading sunlight, her neighbor switched on a light bulb dangling from the sloping tin roof.
The government has decided to allow foreign entities to purchase credits in the Indonesian carbon market, paving the way for multinational companies and institutions to tap into the country’s large carbon trading potential.
Why Australia and Indonesia should build a comprehensive partnership on climate change and the energy transition
A recent report claimed the planet has entered the “beginning of the end of the fossil fuel age” with 12% of electrical energy globally generated from renewables.
The Governor of South Sulawesi, Andi Sudirman Sulaiman, has used a roundtable event in Melbourne to highlight infrastructure and education. The Read more
Three women with machetes stood guard at their farm hilltop on Indonesia’s Wawonii Island, directing their blades towards the nickel miners working in the forest clearing below.
Peneliti asal Australia, Kevin Evans, di Jakarta pada Senin (28/11), mengatakan Indonesia dan Australia memiliki potensi besar untuk bekerja sama di sektor energi terbarukan.