Finance Minister, Sri Mulyani, plans to issue debt securities, or bonds, specifically intended to achieve sustainable development goals (SDGs). She encouraged domestic corporations to view this as an opportunity to invest in sustainable projects. The government is also using fiscal
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
Pertamina Indonesia, a state-owned energy company, is committed to achieving a green energy portfolio of 17% of its total energy business by 2030 to support net-zero carbon transition in Indonesia. Pertamina’s current share of green energy is at 9.2% of
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$500 million (IDR 7.15 trillion) in investments and production capacity of 2.3 million tons per year.. In addition,
The opportunity for renewable energy, agribusiness and fishery sectors are worth up to US$ 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
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
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