Indonesia
In Indonesia, CPI focuses on supporting the climate goals and development objectives set by the Government of Indonesia, while at the same time maintaining strong economic growth and alleviating poverty. The team’s expertise lies in climate finance effectiveness and innovation, covering both energy and land use issues.
CPI works closely with the Ministry of Finance, PT Sarana Multi Infrastruktur, Ministry of Environment and Forestry, and the Ministry of Energy and Mineral Resources to support innovative financing instruments, and scaling up finance for renewable energy and energy efficiency.
CPI’s Indonesia program is led by Tiza Mafira.
Featured work
Publication
Exploring Viable Energy Efficiency Business Models in Indonesia
This report identifies the challenges faced by ESCOs in Indonesia’s developing energy efficiency market and suggests improvements, based on market research to existing energy efficiency business models that are viable and can be scaled up in Indonesia.
Publication
Assessing Jakarta’s Climate Investments
This case study is a first-of-its-kind attempt to track public and private urban climate investment flows in Jakarta.
Publication
Accelerating renewable energy finance in Indonesia: The potential of municipal green bonds
Despite their potential, Indonesia’s capital market is yet to see the issuance of municipal green bonds due to multiple challenges. This study explores the use of municipal bonds to support Indonesia’s energy transition targets and analyze the overall feasibility of implementing such bonds.
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Latest work
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.
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
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.
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.
Blog
Climate Finance in Indonesia: Top 10 highlights from 2021
A cautious sense of optimism has buoyed us throughout 2021 and landed us into 2022. Here is a reflection of the progress we have made towards Climate Finance in Indonesia in 2021, and a preview of what is in stock for 2022.
Blog
Blog: Indonesia wants a carbon tax, but with subsidies?
Indonesia is preparing a carbon tax to cut down emissions and free up funds for climate action. But a carbon tax on coal and fuels will not affect buyers as the cost is kept artificially low by government subsidies. To achieve its goal, the carbon tax should open a wider opportunity for Indonesia to refocus its state budget, and phase out its fossil-fuel subsidies. This blog highlights the key elements for the carbon tax to launch successfully.
