Climate Bonds Launches Indonesia Green Infrastructure Investment Opportunities Report
Inaugural Jakarta Green Finance Summit Backdrop for New Analysis
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.
Published by the Climate Bonds Initiative, the report was sponsored by the Climate Works Foundation and 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 the report included the ADB, GGGI and EDGE.
Green Bonds & Greeen Sukuk could fund new infrastructure
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.
It highlights investments that could be funded with green bonds and green sukuk.
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.
Who's saying what?
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.”
The Last Word
We'd like to thank our reporrt sponsor, report partners and the organisations who kindly contributed to the content. You can find them at the head of this Blog.
The Green Infrastructure Investment Opportunities (GIIO) Indonesia report is the first what will be a series of reports investigating green infrastructure investment opportunities in countries around the world. The report is available for download now.