Indonesia
CPI’s work in Indonesia supports both the climate and sustainable development objectives set by the Government of Indonesia.
As Indonesia’s climate commitments expand, most recently updated under its Enhanced NDC, our work also has and will continue to reflect these important changes. These include up-to-date landscape assessments and practical recommendations on the country’s climate change policies as well as its climate finance needs.
Through our climate finance tracking, policy analyses, and advisories, we help government stakeholders, businesses, and financial institutions in the country accelerate the transition towards net zero and climate-resilient economies.
Leveraging the power of CPI’s global perspective and experience, combined with our local expertise, our work in Indonesia:
- helps ensure the traceability of Indonesia’s public and private climate finance,
- develops innovative financing instruments and policy frameworks to accelerate private investment, and
- provides technical assistance for emerging, highly critical areas such as the Energy Transition Mechanism and Just Transition.
Our Indonesia team’s expertise includes:
- climate finance effectiveness and innovation
- energy efficiency
- renewable energy
- green taxonomy,
- just transition, and
- land use issues
We work closely with strategic government partners, including the Ministry of Finance, Ministry of Energy and Mineral Resources, the Coordinating Ministry of Maritime Affairs and Investment, Ministry of Environment and Forestry, Indonesia Financial Services Authority, and PT Sarana Multi Infrastruktur.
CPI’s Indonesia program is led by Tiza Mafira.
Featured work
Publication
The Net Zero Alignment of Indonesia’s Power Sector Finance
Our latest tracking of Indonesia power sector finance examines renewable energy capacity and financing gaps, as well as opportunities to better align the country’s power sector finance with its NZE 2060 commitment.
Publication
Are Indonesian Banks Ready to Account Climate-related Matters?
Based on a focus group survey involving Indonesia’s major commercial banks, Climate Policy Initiative has analyzed the country’s financial sector readiness and progress in assessing, reporting, and disclosing climate-related matters against national guidelines and international best practices.
Publication
Indonesia Blue Finance Landscape
CPI’s latest study captures the landscape of blue finance in Indonesia and further examines the extent of available financing access for MSMEs.
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Latest work
Publication
The Net Zero Alignment of Indonesia’s Power Sector Finance
Our latest tracking of Indonesia power sector finance examines renewable energy capacity and financing gaps, as well as opportunities to better align the country’s power sector finance with its NZE 2060 commitment.
Blog
Climate Finance in Indonesia: A landmark 2022 lays solid foundation for action in 2023
As Indonesia took up the mantle of G20 presidency, 2022 was a particularly momentous year filled with opportunities to examine the country’s climate finance landscape, improve the underpinning regulatory framework, and foster greater global cooperation on ensuring just energy transitions. Here is a reflection of progresses we have achieved in both sustainable finance and energy transition areas last year and a preview of what is underway for 2023.
Publication
Are Indonesian Banks Ready to Account Climate-related Matters?
Based on a focus group survey involving Indonesia’s major commercial banks, Climate Policy Initiative has analyzed the country’s financial sector readiness and progress in assessing, reporting, and disclosing climate-related matters against national guidelines and international best practices.
Publication
Indonesia Blue Finance Landscape
CPI’s latest study captures the landscape of blue finance in Indonesia and further examines the extent of available financing access for MSMEs.
Blog
Indonesia Green Taxonomy 1.0: Yellow Does Not Mean Go
The recently launched Indonesia Green Taxonomy 1.0 has color-coded economic activities based on their contribution to climate change mitigation: green, yellow, and red. For this taxonomy to effectively drive Indonesia economy towards a low-carbon future, our analysis recommends several key measures to ensure its interoperability with other relevant global taxonomies as well as clearer thresholds and transition pathway for the yellow category.
Publication
Paris Alignment of Power Sector Finance Flows in Indonesia: Challenges, Opportunities and Innovative Solutions
This brief examines the challenges and opportunities in financing Indonesia’s ambitious targets on renewable energy towards an energy transition.
