US and Indonesia set up $332 million renewables program
Tigalingga, North Sumatra, indonesia (source: flickr/ rio gonzales, creative commons)
Alexander Richter
25 Apr 2013
The United States and Indonesia launch Green Prosperity Project, a $332 million program to promote economic development through projects in the renewable energy sector in rural parts of Indonesia.
Earlier this week, Indonesian news reported on a comprehensive partnership recently launched by the United States and Indonesia. The “Green Prosperity Project” is a US$332.5 million program to promote economic development in rural parts in Indonesia.
What makes the program interesting is that it “will be open for proposals from businesses, NGOs and the government, for projects in the renewable energy sector.”
“Indonesia has a huge potential for geothermal energy production more than any other country in the world,” said US Ambassador Scot Marciel in a public lecture at Atma Jaya University this week. The ambassador pointed out that the project could support Indonesia’s efforts to reduce greenhouse gas emissions.
At the G20 meeting in Pittsburg, US, in 2009, President Susilo Bambang Yudhoyono announced that Indonesia would commit to reducing greenhouse gas emissions by 26 percent, and 41 percent with international help.
The Green Prosperity Project is a program funded under the Millennium Challenge Corporation, an agency of the US government which plans to provide a total of $600 million in grants over five years for the Indonesia compact.
The compact was signed in November 2011 on the sidelines of the East Asia Summit in Bali, and came into force this month.
Source: The Jakarta Post
