The Ministry of Finance reported that the realization of spending related to climate-transition in 2021 has reached US$ 7.8 billion (IDR 112.74 trillion). The spending increased by US$ 2.8 billion (IDR 40.3 trillion), compared to 2020’s allocation, and made up
The Institute for Essential Services Reform (IESR) has calculated the investment needed to accelerate the net zero emission (NZE) target or zero carbon emissions by 2050, especially for the electricity, transportation and industrial infrastructure sectors after 2030. IESR Executive Director,
The government estimates that the funding needed to achieve the target of reducing greenhouse gas emissions is in the thousands of trillions in IDR, and billions in US$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,
Deputy Minister of Finance, Suahasil Nazara, shared that the estimated cumulative cost needed by Indonesia to mitigate climate change and meet its national targets (NDC) is at US$ 265.5 billion (IDR 3,779 trillion) by 2030. According to NDC, Indonesia is
The government plans to retire 9.2 gigawatts (GW) of steam power plants by 2030, as part of the national climate transition strategy. Out of the current capacity of 9.2GW from steam power plants, 3.7 GW, or 40%, will be replaced
Several fintech providers, Akseleran, Modal Rakyat, Modalku etc., reported significant growth in their origination for Q3. OJK noted that the monthly distribution of fintech lending reached US$ 1.06 billion (IDR 14.95 trillion) in August 2021, a 205% increase compared to
To keep global temperature increase below 1.5 degrees Celsius, the world needs to reduce at least 23 billion tons of carbon emissions by 2030. President Director of PT Rimba Makmur Utama, Dharsono Hartono, said that Indonesia has a strategic role
The Asian Development Bank (ADB) will increase its allocation to address climate change from US$ 80 billion to US$ 100 billion (IDR 1,422 trillion). These funds will be provided to ADB member countries in stages until 2030. The funds will
The latest report by Bain, Microsoft and Temasek Holdings, highlights the green economy opportunity in Southeast Asia. Currently, there are at least eight startups in Indonesia, including Gojek, investing in decarbonisation initiatives. The report highlights an investment gap of
Faisal Basri, a senior economist at the Institute for Development of Economics and Finance (INDEF), predicts that Indonesia is at risk of energy deficit in 2040 if the sector delays actions to transition to new and renewable energy (NRE). According
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