Inaugural Jakarta Green Finance Summit Backdrop for New Analysis
LONDON: 09/05/2018 10:00 GMT: The Climate Bonds Initiative has launched the Green Infrastructure Investment Opportunities (GIIO) Indonesia report at Indonesia's first ever Green Finance Summit at the Indonesian Stock Exchange in Jakarta today. GIIO Indonesia has been developed in partnership with Pembiayaan Investasi Non-Anggaran Pemerintah (PINA), an initiative of the National Development Planning Agency (BAPPENAS), and PT. EBA Indonesia.
The report highlights investments that could be funded with green bonds and green sukuk.
The report explores a wide variety of green investment opportunities in Indonesia. It has been prepared to support Indonesia’s mission to develop low carbon and climate resilient infrastructure and aims to facilitate engagement on this topic between project owners and developers, and investors.
Projects aligned with international definitions of ‘green’ in Indonesia include low carbon transport, renewable energy, sustainable water and waste management and low carbon buildings. Infrastructure opportunities are explored based on these sectors.
Infrastructure investment at scale is crucial for Indonesia to successfully maintain economic growth and deal with domestic challenges, such as rapid urbanization. Ensuring that infrastructure is sustainable, low-carbon and climate-resilient, is essential to meet the severe climate impacts Indonesia faces as well as meeting national climate change goals.
Green Infrastructure Investment Opportunities (GIIO) Indonesia is the first, in what will be a series of reports, investigating green infrastructure investment opportunities in countries around the world.
Yudhi Ismail, President Director, PT. EBA Indonesia:
“The infrastructure challenge we face is common to many emerging economies. We must ensure all new infrastructure is green and resilient, supports national development directions and helps meet Indonesia’s climate and emissions commitments. The GIIO Indonesia report identifies a project pipeline that meets this mix of goals. Our challenge is to now match domestic and international investors with the long-term opportunities highlighted by the report.”
Sean Kidney, CEO, Climate Bonds Initiative:
“Key to addressing climate change at a national level is government policy support for new infrastructure, financial commitment and a long tail pipeline of low carbon project opportunities, open to institutional investors. The GIIO Indonesia report clearly demonstrates these conditions exist. New international partnerships and reorientation of global capital flows towards these vital investments is the next stage.”
For more information:
Head of Communications and Media,
Climate Bonds Initiative, London
+44 (0) 7914 159 838
Notes for Journalists:
About the Climate Bonds Initiative: The Climate Bonds Initiative is an investor-focused not-for-profit, promoting large-scale investment in the low-carbon economy. More information on our website here. Recent Climate Bonds announcements in regard to Indonesia can be found here.
About the Green Infrastructure Investment Opportunities (Indonesia) report: Published by the Climate Bonds Initiative, this report was sponsored by the Climate Works Foundationand developed in partnership with Pembiayaan Investasi Non-Anggaran Pemerintah (PINA), a project of the National Development Planning Agency (BAPPENAS), and PT. EBA Indonesia.
Contributors to this report included the ADB, GGGI and EDGE. Lead author:Kristiane Davidson, Co-authors:Diletta Giuliani & Beate Sonerud.