The world is seeing unprecedented risks and looming irreversible damages caused by record levels of greenhouse gas (GHG) emissions. Indonesia is amongst countries with the largest renewable potential which amounts to over 440 GW. In recent years, Indonesia has committed to Net Zero by 2060 or earlier and signed up to Just Energy Transition Partnership with the target to mobilize USD 20 billion in climate financing.
Additionally, Indonesia is an economic powerhouse with GDP surpassing 1 trillion dollars, with over 270 million people and has averaged over 5% annual growth rate over the last 20 years. It is expected to become the 4th largest economy by 2045, which offers significant collaboration opportunities across key economic value chains.
Although Indonesia has made significant progress in meeting its climate goals, solving this fundamental challenge is critical to success in addressing the climate crisis.