The government plans to revise Presidential Regulation No. 35 of 2018, concerning the acceleration of processing waste/by-products of electrical energy. Director General of New, Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources, Dadan Kusdiana,
Indonesia’s plastic recycling industry could reach US$704 million (IDR10 trillion) per year. According to the Ministry of Industry data, this would require US$500 million (IDR 7.15 trillion) in investments and production capacity of 2.3 million tons per year.. In addition,
The Indonesian Renewable Energy Society (METI) urges Indonesia to push for a net-zero carbon target by 2050 not 2060- 2070. The threat from climate change is increasingly evident. METI Chairman, Surya Darma, shared that one of the impacts of climate
The opportunity for renewable energy, agribusiness and fishery sectors are worth up to US$ 70 billion (IDR 100 trillion), shared Mr. Jefri Sirait, Chairman of the Venture Capital Association for Indonesian Startups (Amvesindo). Gojek, a tech company, works with Honda
The grant will be used to finance 16 projects that are aimed at reducing carbon emissions in Indonesia. The selected infrastructure projects focus on waste management and urban public transport. One project aims to reduce the rate of deforestation by
During the 2021 UN Global Compact Virtual Leaders Summit, President Director of PLN (state-owned enterprise), Zulkifli Zaini, stated that they were prepared to lead the energy transition in Indonesia. PLN has also committed to using new and renewable energy to
PT Sarana Multigriya Finansial (SMF), a multi finance institution, plans to collaborate with several experienced agencies to issue debt securities in the form of green/social bonds. SMF is developing a framework to determine qualifying criterias for green bonds in accordance
Institute for Essential Services Reform (IESR), civil-society think tank, has reported that Indonesia’s energy sector is capable of achieving its zero-carbon emissions target by 2050. This requires strong political commitment and policy support, and the next decade will be decisive
Aviliani, a senior economist at the Institute for Development of Economics and Finance (INDEF), shared that the banks’ commitment to green credit remains low due to the low levels of firms in sustainable sectors. Currently, two state-owned banks have stated
President Director of Pertamina, state-owned energy distribution enterprise, Nicke Widyawati, shared that the transition will focus on three main strategies with the goal of utilizing Indonesia’s abundant natural capital and optimizing its existing infrastructure. The strategies are intended to reduce
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