Australia has pledged $50 million in climate funding to support small and medium enterprises (SMEs) and startups in Indonesia as part of the Australia-Indonesia climate and infrastructure partnership. The announcement was made during President Joko Widodo’s visit to Sydney, highlighting the commitment to collaboration between the two countries in addressing climate change challenges and promoting sustainable development.
Australian Prime Minister Anthony Albanese emphasized the potential for joint efforts in the global transition to clean technologies and renewable energy sources. Australia’s expertise in renewable energy and abundant reserves of critical minerals position the country as a valuable partner for Indonesia’s energy transition. President Widodo echoed this sentiment, emphasizing the need for bilateral cooperation in reducing carbon emissions and developing carbon capture and storage (CCS) technologies, as well as constructing green energy-oriented smelters.
The annual leaders’ meeting between Australia and Indonesia served as a platform to strengthen bilateral ties and explore opportunities for mutual growth. The $50 million climate funding will unlock investment opportunities for Indonesian startups and SMEs in the clean technology sector, supporting their development and scalability in areas such as clean energy and renewable technologies. This financial support will accelerate Indonesia’s energy transition and contribute to achieving its climate goals.
In addition to financial assistance, the partnership facilitates knowledge exchange and expertise sharing. Australia’s experience and resources in renewable energy will benefit Indonesian startups and SMEs by providing them with tools, technologies, and market insights for their growth and success. This collaboration will contribute to the overall advancement of sustainable development in both countries.