About Event
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.
1
Trillion
270
Million People
5%
Annual Growth
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.
- To bolster both growth and sustainability, three pillars must be considered:
- Reduce greenhouse gas (GHG) to achieve Net Zero goals;
- Conserve biodiversity and ecosystems to preserve a liveable planet for future generations;
- Advance new and greener economies such as downstreaming critical minerals, powering new energy vehicles, and developing future fuels technologies.
- All three pillars must be supported by enablers, such as low-cost financing, leading research and development and advanced human resources. International partnership can be key to ensure capital mobilization as well as transfer of knowledge and technology in pursuing sustainable growth.
