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$. During the first day of the G20 meeting, Finance Minister, Sri Mulyani,
Several fintech providers, Akseleran, Modal Rakyat, Modalku etc., reported significant growth in their origination for Q3. OJK noted that the monthly distribution of fintech lending reached US$ 1.06 billion (IDR 14.95 trillion) in August 2021, a 205% increase compared to
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
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
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.
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
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
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 Energy and Mineral Resources noted that the realization of investment in new, renewable energy and energy conservation (EBTKE) have reached US$ 1.07 billion, as of June 2021. This figure reached 52% of the investment target set for
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