The People’s Consultative Assembly (MPR) of Indonesia has emphasized that the country requires large-scale investment to accelerate the transition toward green energy and reduce its reliance on fossil fuels. The annual funding requirement is estimated at around US$19 billion, or approximately Rp340 trillion, for the next ten years.

Deputy Speaker of the MPR, Eddy Soeparno, stated that the substantial investment is necessary to meet the government’s targets for developing New and Renewable Energy (NRE) infrastructure. He stressed that such funding is critical to mitigating the long-term impacts of the climate crisis.

According to Eddy, Indonesia will need close to US$190 billion, equivalent to roughly Rp3,400 trillion, over a ten-year period. This translates to annual investment needs of nearly US$19 billion. He conveyed this during the 2025 Year-End Reflection event held at the DPR/MPR complex in Jakarta.

The funding requirements are aligned with the Electricity Supply Business Plan (RUPTL) 2025–2034. Under this roadmap, Indonesia aims to significantly expand its power generation capacity by 2034, with the majority of new capacity coming from renewable energy sources.

Eddy explained that by 2034, Indonesia has committed to building nearly 70 gigawatts (GW) of new power plants, of which around 52 GW will be generated from renewable and new energy sources.

Beyond energy security, the large investment is expected to generate a strong multiplier effect for the national economy. He highlighted the potential creation of green jobs and a meaningful contribution to Indonesia’s Gross Domestic Product (GDP) through the development of a carbon-based economy.

He estimated that approximately 1.7 million green jobs could be created, while the carbon economy could expand rapidly thanks to the existing legal framework provided by Presidential Regulation No. 110 of 2025.

Eddy also warned that Indonesia must act swiftly and remain vigilant in the global race for energy transition. Competition for renewable energy funding and technology is intensifying, as neighboring countries are pursuing similar strategies.

For that reason, he urged that the development of renewable energy must not be overlooked, emphasizing that Indonesia cannot afford to fall behind in the global clean energy transition.