Singapore has become the first country to embark on a cross-border collaboration on carbon capture and storage (CCS) with Indonesia.
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The Institute for Essential Services Reform (IESR) considers that the export market for electricity based on renewable energy (RE) to Singapore is attractive amid the country's commitment to increasing the clean energy mix by 4 gigawatts (GW) until 2035.
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Currently, a number of large corporations in Indonesia are building renewable energy projects to export electricity to Singapore.
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The Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan recently expressed his frustration at Singapore.
Read more on CNBC