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Keynote: Energies of the Future
DAY ONE: Keynote Address
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H.E. Gen (Ret.) Luhut Binsar Pandjaitan
Coordinating Minister for Maritime Affairs and Investment, Indonesia
REPRESENTING H.E. JOKO WIDODO, PRESIDENT OF INDONESIA
ENERGIES OF THE FUTURE
Indonesia is a large archipelagic country, blessed with a productive demographic and a variety of natural resources and cultures. Nevertheless, such blessings have made us historically complacent.
We realise that reliance on fuel exports is unsustainable – a fact made clear by the huge drop in natural resource prices during global-scale recessions such as the current pandemic.
Moving forward our resolution is to diversify our economy. According to data from Bloomberg, Indonesia has four out of seven components needed for lithium battery production, particularly copper, aluminium, nickel and cobalt, which highlights our potential. We are also striving to improve our human capital, inviting investors to cooperate with our ministry of industry to make vocational technology schools and use a more competitive local labour force. In line with our concerns regarding global warming and our commitment to the Paris Agreement, we want to make sure that the investment coming in is environmentally sustainable.
Indonesia has had continual support from our dear friend the UAE, with regards to developing various initiatives and investment projects. One such initiative is the Sovereign Wealth Fund (SWF), in which we pool investor funds in various potential projects in order to develop Indonesia.
I invite everyone to invest in Indonesia to develop our Downstream Metal and Renewable Energy Industries – industries with nascent potential. We guarantee a smooth and lucrative experience for investors.
