Media Coverage

jpnn.com ,JAKARTA- Purnomo Yusgiantoro Center (PYC) Advisory Board Member Luky A. Yusgiantoro assessed that the implementation of tax incentives issued by the government for electric cars is still very limited so a comprehensive policy is needed.

JAKARTA, investor.id – The government continues to strive to boost national oil production, even setting a target of 1 million barrels by 2030. In order to realize this target, former Minister of Energy and Mineral Resources (ESDM) Prof. Purnomo Yusgiantoro provided several inputs.

Jakarta, Beritasatu.com - Indonesia has ratified the regulation on the use of electric cars in the form of tax incentives to achieve the energy transition target. However, the incentives are still limited, so a comprehensive policy is needed to increase investor interest.

Amid the Covid-19 pandemic, Indonesia has began its transition towards clean energy, especially in its transport sector, which is the largest user of fossil fuels after the industrial sector. Such a move will increase Indonesia’s energy security, reducing its dependence on fossil fuels. To support this transition, the government plans to replace vehicles with traditional internal combustion engines, with electric vehicles. It will be a massive endeavour in a country with 133 million vehicles, almost all powered by internal combustion engines, in 2019, the latest year for which official data is available.

Nuclear power has been stated as the final “resort” of Indonesia’s energy sources. Nevertheless, Indonesia should bring up this energy to diversify the national energy mix and strengthen energy security.

Southeast Asia’s largest economy, Indonesia, has provided a tax incentive in the form of a cut in car sales tax to help the country’s automotive industry recover from the COVID-19 pandemic impacts. However, this tax cut could damage the environment as more cars on the streets will increase carbon emissions.

With the signing of the Paris Agreement in 2016, Indonesia is committed to reducing its 29% carbon emission by 2050. The other duty is to meet its ambitious target of 23% new renewable energy by 2025. However, the most significant contributor to carbon emission in Indonesia is the energy sector. Hence, the development of green energy will play a crucial role in mitigating climate change and fulfilling the national energy mix target.

Indonesia’s increasing internet penetration is a boost for crowdfunding, which gathers small amounts of capital from a large number of individuals to finance a new business venture. It’s a powerful tool to gather funds quickly, cheaply and easily from the general public.

Jakarta, Beritasatu.com - In the last 5 years, the high domestic LPG consumption which is not comparable to national LPG production, which only reaches around 25 percent, has forced the Government to seek alternative solutions to substitute this need.