Energy transition as a way to improve the welfare of Indonesian society

Abstract

The shift towards energy is now a priority in Indonesia's efforts to promote sustainable development. With a growing recognition of the effects of climate change and the limitations of energy sources, the urgency to transition to clean and renewable energy options is on the rise. This study aims to investigate how transitioning to energy can enhance the well-being of communities. We aim to highlight critical insights by examining and thoroughly reviewing the literature. Firstly, ensuring energy practices is crucial for attaining development objectives. Energy plays a role in providing services like electricity, transportation, and household heating. Secondly, challenges related to infrastructure and energy accessibility remain hurdles in Indonesia's journey towards an energy transition. Despite advancements in energy initiatives, many remote areas still need access to electricity. Lastly, governmental intervention plays a role in steering a transition towards sustainable energy solutions. Private sector investment in renewable energy sources must be supported and directed through relatively strict policies, fiscal incentives, and regulations. Finally, the energy transition is an essential social and economic event, and appropriate policies need to be developed to promote a just transition and ensure the best outcomes for all stakeholders and society. To conclude, the energy transition in Indonesia requires a combination of government, private sector, civil society, and international stakeholder involvement. By working together across sectors, investing in renewable energy gen technology, and implementing advanced policies, Indonesia promotes transitioning to a more sustainable energy system and improving the overall welfare of society.