JAKARTA. The government is cooperating with The Organization for Economic Co-Operation and Development (OECD) to improve the development of New, Renewable Energy and Energy Conservation (EBTKE). This cooperation is in the form of a program called 'Clean Energy Finance and Investment Mobilization' (CEFIM) which was ratified in Jakarta on Friday (8/11).

Quoting press releases, CEFIM aims to encourage investment and financing in the EBTKE sector. CEFIM will also support national efforts in low carbon development, and strengthen bilateral and multilateral cooperation.

The program is implemented in five countries in Latin America, South Asia, and Southeast Asia, and will run in a 5-year period starting in January 2020. The program is also financially supported by the Danish government.

CEFIM has three main activities. First, a review of clean energy financing and investment. Second, activities to support implementation, and the last is learning from other countries that are equal.

Deputy Coordinating Minister for Energy ManagementNatural Resources and ... Resources and EnvironmentCoordinating Ministry for Economic Affairs, Montty Giriana, said that the government was aware that there were still many challenges in developing EBT, including land, social, licensing, regulation and funding issues.

For alternative financing, the government has formed the Agency for Environmental Fund Management (BPDLH). (AM/AR)