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
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 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,
The Ministry of National Development Planning (PPN) or Bappenas estimates that economic losses due to climate change could reach US$7.9 billion (IDR 115 trillion) by 2024. It is imperative that Indonesia takes steps to low carbon development and transition to
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
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