Ensuring Southeast Asia’s energy security and financial stability are among the priorities while Indonesia is ASEAN Chair in 2023. To achieve these goals, the region needs to accelerate and strengthen its clean energy transition through innovative financing solutions. Southeast Asia is a rapidly growing region, accounting for 3.6 per cent of the world’s economy in 2022.
On Monday 17 April 2023, BPKP (Badan Pengawasan Keuangan Pembangunan) launched its ESG Assessment Guidelines for State-owned Enterprises (SOEs) to help them improve their sustainability reporting practices.
A G20 seminar series, co-hosted by Climateworks Centre in Jakarta, has explored innovative approaches to financing that can help emerging economies to transition to renewable energy in a fair and sustainable way.
The Government of Indonesia is bringing to life its commitment of reducing greenhouse gas emissions 29 per cent by 2030. Crucial in achieving this goal will be holding government agencies and state-owned enterprises accountable for these targets.
At the COP26 in Glasgow, most ASEAN member states renewed their decarbonisation commitments, with nine out of ten members committing to net zero targets.
As Climateworks takes on a systems change approach, new appointments are bringing subject matter expertise. Liam Walsh has been appointed to the role of System Lead for Food, Land and Oceans.
Significant potential in regional Australia, shifting markets and collaboration across government and industry will pave the way for large-scale projects. On 28 September, Climateworks Australia and Beyond Zero Emissions co-hosted an investor roundtable to explore the opportunities for boosting Australia’s existing and new industries by establishing a national program for Renewable Energy Industrial Precincts (REIPs).
Marine Dehayes, Senior Project Manager at Climateworks Australia, wants finance to contribute to climate action. She’s been working on the country’s first forward-looking climate index, the Australian Climate Transition Index (ACT Index).
Climateworks’ dynamic scenarios modelling underpins the first forward-looking climate index for the ASX300
Climateworks’ dynamic scenarios modelling underpins the first forward-looking Australian Climate Transition Index for the ASX300 Today, international financial institution BNP Paribas announced a series of equity-linked green bonds totalling A$140 million.
Australia’s 20 largest banks are taking steps to reduce emissions from their investment and lending portfolios, but their actions are ad hoc and not yet fully aligned to the net zero goal of the Paris Climate Agreement, according to the latest Net Zero Momentum Tracker report.