But to attract the investment needed to become an electric vehicle manufacturing hub, experts say Indonesia must avoid repeating environmental mistakes from the past, when decades of unregulated mining turned parts of its main tin-producing islands into a lunar landscape.
He cited decades of unregulated tin mining in the Bangka-Belitung islands, off the southeast coast of Sumatra island, that has destroyed forests and coral reefs, leaving piles of white tailings, large craters and acidic, turquoise lakes. But in Southeast Asia, EVs accounted for less than 2% of sales in 2022, according to consultancy firm McKinsey & Company, and governments are introducing incentives for auto and battery makers, tax breaks for buyers, and setting ambitious targets to become EV manufacturing hubs.
"The country needs to significantly strengthen its environmental safeguards," he said."It generally needs to strengthen its oversight of these mines." "Mining is an industry that is prone to sustainability risks and reputation risks, in which heightened efforts to alleviate these potential problems are needed by corporates that are making sustainability a business priority," Linda said.
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