ETM Country Platform Launch, Government Appoints PT SMI as Country Platform Manager

Good news came from the Island of the Gods, Bali, on Thursday (14/7), where Indonesia has launched the Country Platform for the Energy Transition Mechanism (ETM). This launch was carried out in a series of events of the 3rd Finance Ministers and Central Bank Governors (FMCBG) G20 in Bali, in the Sustainable Finance for a Climate Transition Roundtable forum.

The Minister of Finance of the Republic of Indonesia - Sri Mulyani Indrawati, in the forum explained that the ETM country platform is Indonesia's ambitious plan to improve energy infrastructure and accelerate the energy transition to clean zero. As a Special Mission Vehicle (SMV) under the coordination of the Ministry of Finance of the Republic of Indonesia which supports sustainable development in Indonesia, PT SMI was entrusted by the Government of Indonesia to be the Country Platform Manager for ETM in order to provide government fiscal support for the funding framework and financing of the energy transition in Indonesia.

In the launch session with the Head of the Fiscal Policy Agency of the Ministry of Finance - Febrio Kacaribu and the Asian Development Bank (ADB), PT SMI's President Director - Edwin Syahruzad, said that through the trust given by the Ministry of Finance as a shareholder, it is hoped that this can further encourage efforts to accelerate the achievement of net income. zero emission in 2060 or sooner as targeted by the government.