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Climate And Green News

Jokowi’s approach to spur the economy

President Joko Widodo’s three-part approach includes industrial downstreaming, digitising MSMEs, and the green economy. Jokowi said that some of the downstream results are already observable. Indonesia’s steel exports have reached US$ 10.5 billion during the first half of 2021. Other

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Climate And Green News

Banks are now required to implement climate-risk management strategies

OJK requires the banking industry to implement a climate-resistance risk management strategy. This regulation requirement is part of OJK’s commitment to a sustainable economy, and to encourage capital flow to sustainable public investment, private investment, infrastructure development, human resource development.

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Climate And Green News

ADB financing for Indonesia’s energy transition

The Asian Development Bank (ADB) plans to disburse financing of up to US$ 80 million to address net-zero carbon transition for its member countries by 2030. The financing targets Indonesia, Vietnam, and the Philippines, to reduce dependency on coal power

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Climate And Green News

Green and equitable economy as a means to boost Indonesia’s GDP

Jokowi emphasized the role of a clean-technology enabled economy, and the transition towards new and renewable energy to accelerate Indonesia’s growth. Excluding the upstream oil and gas industry and financial services, Indonesia’s in-country investments had reached US$ 31 billion (IDR

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Climate And Green News

UN Climate change report, Code Red for the earth’s future

The effects of climate change are increasingly apparent. The United Nations climate panel report warned that the Earth’s temperature has increased by 1.1 degrees Celsius since the 19th century. If there are no significant reductions in carbon emissions from now,

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