By: Rivka Mayangsari*)
National energy security is no longer viewed solely as a supply and security issue, but as a gateway to a major leap in investment and green industrialization in Indonesia. The government is promoting a paradigm shift that industrial decarbonization is not a cost burden, but rather a strategic economic opportunity capable of driving growth, creating jobs, and strengthening energy sovereignty. Amidst global dynamics that increasingly demand an energy transition, Indonesia is confidently positioned to leverage this agenda as a new driver of development.
Deputy Minister of Energy and Mineral Resources (ESDM), Yuliot, emphasized that the roadmap to clean energy holds enormous investment potential. The projected value reaches Rp1,682.4 trillion, in line with the government’s Asta Cita vision of achieving energy self-sufficiency and sustainable green economic growth. This figure reflects the country’s commitment to building a future energy ecosystem that is not only environmentally friendly but also competitive and has high added value.
Beyond investment figures, Yuliot highlighted the direct impact on national employment. The energy transition is estimated to create up to 760,000 green jobs, spanning the pre-construction, construction, operation and maintenance stages, and the manufacturing of renewable energy components. This marks a new chapter in national industrialization, where decarbonization becomes a driver of industrial growth, not a barrier.
According to Yuliot, the main challenge to realizing this potential lies in funding. Therefore, the government is emphasizing the urgency of implementing innovative financing schemes to make green energy projects commercially viable or bankable. The concept of blended finance is considered crucial for bridging the gap between project feasibility and investor return expectations. With a combination of public support and private participation, risks can be minimized and investment attractiveness increased.
The government recognizes that relying solely on the State Budget (APBN) is insufficient to achieve the ambitious target of new and renewable energy (EBT) generation capacity. Therefore, close collaboration between the government, state-owned enterprises (SOEs), and the private sector is a key prerequisite. This synergy is expected to create a healthy investment ecosystem, reduce project risks, and accelerate the implementation of clean energy infrastructure across Indonesia.
Beyond financial challenges, the energy transition is also understood as a collective effort that requires the active involvement of various parties beyond government. Businesses, financial institutions, supporting industries, and the wider community all play a crucial role in maintaining the nation’s competitiveness. Energy security is not just about technology, but also about policy consistency, regulatory certainty, and investor confidence in the direction of national development.
From the supporting industry perspective, PT Asuransi Jasa Indonesia (Jasindo) views the government’s large investment target as a strong signal that Indonesia’s energy transition will become increasingly massive. For Jasindo, this agenda opens up significant opportunities to provide risk protection for strategic projects with high value, long-term, and technical complexity. Insurance is a crucial element in ensuring project sustainability and providing a sense of security for investors.
Jasindo Insurance Corporate Secretary, Brellian Gema Widayana, stated that in line with the government’s Asta Cita (Goals of National Development), particularly the agenda of national independence through energy self-sufficiency, renewable energy development is a key element in strengthening national energy security and reducing dependence on imported energy. In this context, the insurance industry plays a strategic role in supporting project stability, ensuring that technical and financial risks are professionally managed.
The role of the financial and insurance industries demonstrates that the energy transition is not a sectoral agenda, but rather a comprehensive ecosystem involving many actors. With proper risk management, renewable energy projects can be sustainable, boost market confidence, and attract more capital to Indonesia.
Meanwhile, Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources, emphasized that the majority of the planned investment target will come from the private sector. This reflects the growing confidence of business actors in the government’s commitment to promoting renewable energy. According to Dewi, strengthening regulations is a key factor, particularly since the issuance of Ministerial Regulation No. 10 of 2025, which serves as the foundation for accelerating the national energy transition.
These regulations provide legal certainty and clear policy direction for investors, while accelerating the implementation of renewable energy projects on the ground. With this certainty, Indonesia is increasingly seen as a promising clean energy investment destination in the region. Regulatory clarity also strengthens Indonesia’s position in the global competition to attract the growing amount of green capital.
Ultimately, energy security not only addresses the challenges of independence and supply security but also opens up investment opportunities worth trillions of rupiah, with a far-reaching impact on the national economy. With decisive policy leadership, cross-sector collaboration, and progressive regulatory support, Indonesia’s energy transition is moving from commitment to realization. This is the moment when the green agenda will become the engine of growth, employment, and national competitiveness in the future.
*) Green Energy Issue Observer