At the COP26 in Glasgow, most ASEAN member states renewed their decarbonisation commitments, with nine out of ten members committing to net zero targets.
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.
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.
To date, almost all Southeast Asian nations have announced net zero emissions pledges, accounting for about 91 percent of the region’s carbon emissions.
The world is currently at a tipping point where the implementation of the national decarbonization commitments made at COP26 will largely determine whether the world can realise the 1.5°C aspiration of the Paris Agreement.
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.
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.
‘How do we ensure our post-COVID recovery is green, clean, and aligned with delivering on the Paris Agreement and the Sustainable Development Goals?’ That was the question posed by a special session of the ‘Disruptive Asia’ webcast held by the Asia Society on 30 July 2020, featuring Meg Argyriou (Head of International Programs at Climateworks Australia), Patrick Suckling (Asia Society Policy Institute non-resident Senior Fellow and former Australian Ambassador for the Environment), Chi Mun Woo (Partner, Sustainability and Climate Change at Deloitte) and Professor Rebekah Brown (Senior Vice-Provost and Vice Provost Research at Monash University).
Petra Christi recently joined Climateworks as a business analyst in our growing international program. Based in Indonesia, Petra will work alongside senior project manager Guntur Sutiyono and support the development of Natural Disaster Insurance Framework and Sustainable Finance in Indonesia. Petra first encountered Climateworks through the Monash ‘work integrated learning’ program (WIL).
Growing evidence shows, for countries to achieve low carbon growth, decision-makers must create investment environments that steer finance from ‘brown’ to ‘green’.
Our international team has recently launched a series of discussion papers on low carbon opportunities in Southeast Asia. Off the back of this launch, international project manager Dani Robertson spoke to Devex about building the case for a green economy.
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.