Indonesia Green Growth Program Phase II

General

The future economic challenge for Indonesia is to deliver rapid, yet inclusive, and people-centered economic growth in support of the ambitious social and economic goals expressed in the nine-point priority agenda of Indonesia’s current national medium-term development plan (RPJMN 2015-2019). The ‘Nawa Cita,’ the 9 national priority agendas of Jokowi-Kalla, calls for a clean, transparent, democratic government; stronger rural economy; land tenure reforms; and greater productivity and competitiveness of the Indonesian people. In this regard, Indonesia’s Investment Coordinating Board (BKPM) has targeted a total of USD 100 billion in green investment in the agriculture, forestry, fisheries, renewable energy and geothermal power, clean manufacturing, and tourism sectors to meet Indonesia’s sustainability ambitions relevant to the Sustainable Development Goals (SDGs) and climate change actions. To achieve the goals, Indonesia has to address the challenges of: Lack of domestic and international investment to reach development targets, and lack of knowledge and capacity

Objectives

Support in the acceleration of investment in inclusive, green projects, with an aim for Indonesia to meet its Nationally Determined Contribution (NDC) and Sustainable Development Goals (SDG). Unlock large-scale finance and deliver high impact with a focus on developing climate-smart and socially inclusive investment projects. Build on the work done in Phase I, which focused on mainstreaming green growth into planning and on developing analytical tools.