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.
MoU between Monash, Climateworks and state agency BPKP will assist Indonesia’s transition to a green economy
BPKP, Indonesia’s regulator for state-owned enterprises and key public sector agencies, has taken a significant step towards implementing its environmental, social and governance (ESG) plans, by signing a two-year memorandum of understanding (MoU) with Monash University, Indonesia and Climateworks Centre.
In the middle of the year, the Indonesian government will put its carbon tax into practice through a pilot program directed at coal-fired power plants, but it’s yet to be determined how much it will reduce Indonesia’s greenhouse emissions.
Indonesia, one of the world’s biggest coal producers and greenhouse emitters, plans to launch its pilot emissions trading scheme in July, which can possibly lead to the implementation of the first national carbon market in Southeast Asia.
Emissions trading schemes allow firms to trade emission rights. Firms with low abatement costs will be given incentives to reduce emissions and sell their emission permits to firms with high abatement costs, enabling an economy to achieve emission reductions in the least cost manner.
Nations with developing economies are eager to decarbonise, they just need the finance they were promised
There is no lack of understanding in how such funds would be put to good use: Our Investment Vision Guide developed last year offers a template for how investment, once delivered, can be strategically applied.
As one of the world’s largest emitters of greenhouse gases and the fourth-largest coal producer, Indonesia must continue pursuing its efforts to create a domestic carbon market.
Climateworks recently brought together an expert panel to discuss the outlook for ASEAN nations, given their key trading partners have all pledged to net-zero by mid-century.
Indonesia raises their net zero ambition – can they be a leader for climate commitments in Southeast Asia?
Guntur Sutiyono is our Country Lead for Indonesia.Alin Halimatussadiah is LPEM-FEBUI Head of Environmental Economics Research Group. Indonesia’s new long term low-carbon and climate resilience strategy – which includes aspirations to reach net zero emissions by 2060 or sooner – is a sign the nation can be a leader for climate ambition.
Raising Indonesia’s net zero ambition: the pivotal role of energy systems in setting and reaching a net zero target
Indonesia has pledged to reach net zero by 2070. But recent developments suggest Indonesia could raise its net zero ambition to 2060, or even sooner with international support.
Leaders Summit on Climate: Nations step up commitments, but what does it mean for countries in our region?
Last week, United States President Joe Biden hosted the Leaders Summit on Climate. The President invited 40 leaders from around the world, including 17 countries from the US-led ‘Major Economies Forum on Energy and Climate’ – responsible for close to 80 per cent of global emissions and gross domestic product. Other invitees included leaders from nations demonstrating strong climate leadership, those especially vulnerable to climate impacts, or those charting innovative pathways to a net-zero economy.
Indonesia has set an ambitious target for electric vehicles: what factors can support the nation’s shift to an electric-dominated transport sector?
By Dr. Emi Gui, Senior Project Manager; and Farraz Theda, intern. Despite ambitious targets and financial incentives, what an electric-vehicle dominated transport sector could look like for Indonesia is not well understood.
Meg Argyriou, Climateworks Head of International Programs, and her team have been running and participating in panels and events around the world. Meg visited Indonesia to sit on a panel for the Indonesian Ministry of Environment and Forestry’s long term strategy.