In Indonesia, Indonesia Business Post reported that the Indonesian government is targeting private sector investment in green hydrogen development to reach $25.2 billion by 2060. The report noted that this initiative is designed to mitigate the risk of an energy crisis in the industrial sector while also contributing to the country’s carbon dioxide (CO2) reduction efforts, with a target to cut CO2 emissions by 912 million tons by 2030. To further accelerate the development of green hydrogen, the Indonesia government is preparing regulations related to incentives and tax breaks that are necessary for developers. These regulations are expected to include provisions for tax holidays, tax allowances, and carbon trading frameworks. According to data from the Ministry of Energy and Mineral Resources (ESDM), Indonesia aims to produce 9.9 million tons per annum (Mtpa) of hydrogen by 2060.
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