Indonesia remains steadfast in its commitment to developing renewable energy sources, even as the United States has withdrawn from the Paris Agreement. The Ministry of Energy and Mineral Resources (ESDM) has emphasized that the nation's focus on renewable energy predates the current administration and continues to be a strategic priority.

Minister of Energy and Mineral Resources, Bahlil Lahadalia, highlighted that the government's dedication to renewable energy development was established well before President Prabowo Subianto's tenure. During his previous role as Minister of Investment, Lahadalia initiated strategic plans to foster a green industry supported by environmentally friendly energy sources.

The U.S. withdrawal from the Paris Agreement has prompted Indonesia to assess potential impacts, particularly concerning funding for energy transition projects. Deputy Minister of Energy and Mineral Resources, Yuliot Tanjung, stated, "We are still reviewing the impacts following the decision of the U.S. President."

Despite these developments, key figures in Indonesia's government believe that the energy transition will persist. Eddy Soeparno, Deputy Chairperson of the People's Consultative Assembly (MPR), expressed confidence that industries will continue their energy transition initiatives. He noted that industry players are accountable to shareholders and financial institutions that demand progress in this area.

Indonesia has been proactive in its renewable energy endeavors. In November 2022, the country launched the Indonesia Just Energy Transition Partnership (JETP), a $20 billion agreement aimed at decarbonizing Indonesia's coal-powered economy. This partnership involves G7 countries and aims to achieve net-zero emissions from electricity production by 2050, with a peak in emissions by 2030.

Furthermore, Indonesia has initiated its participation in the global carbon credits market to fund its transition to green energy. By selling credits tied to energy projects, including hydropower and natural gas, the country aims to attract investment for its renewable energy initiatives. However, there are concerns regarding the attractiveness and integrity of credits linked to fossil fuel projects.

The nation's renewable energy policies are outlined in the Electricity Supply Business Plan (RUPTL) for 2021-2030. The plan includes significant growth in renewable energy, with over half of the capacity additions coming from renewables. This includes 10 gigawatts (GW) of hydro and about 3 GW from geothermal sources, with smaller contributions from wind and solar photovoltaic (PV) energy.

In summary, Indonesia's commitment to renewable energy development remains strong, despite external challenges such as the U.S. withdrawal from the Paris Agreement. The government continues to implement strategic plans and partnerships to ensure a sustainable and environmentally friendly energy future.