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Monday, November 29, 2021, 14:33
Indonesia sees $148b funding gap to curb carbon emissions
By Bloomberg
Monday, November 29, 2021, 14:33 By Bloomberg

Afternoon rush hour traffic in the central business district of Jakarta, Indonesia, June 24, 2021. (DIMAS ARDIAN / BLOOMBERG)

Indonesia will need to secure $148 billion in additional funding to meet its goal of reducing carbon emissions through 2030.

Southeast Asia’s largest economy needs $365 billion in overall green investments to cut emissions by 29 percent from the business-as-usual scenario, Febrio Kacaribu, the head of fiscal policy agency, said in a Monday briefing. Of that, $97 billion should come from the government, while $120 billion would be from planned private investments.

READ MORE: Indonesia's capital relocation heads toward green transition

The country could even reduce emissions by 41 percent with “concrete” international help, he added.

“We will set ourselves apart by offering more than just talk or commitment,” Kacaribu said. “We will prepare the specific ready-to-fund projects and offer them to investors.”

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