Moving past Indonesia’s first economic recession in more than two decades offers an opportunity to place the country on a more sustainable and inclusive growth trajectory. Recent policy reforms centred around the Omnibus Law on Job Creation show Indonesia’s commitment to easing the business environment and attracting new investment by simplifying business procedures. The success of these measures will depend on the implementing regulation that can help set the right policy frameworks to attract billions in private investment over the next decade while at the same time ensuring that the environmental considerations are effectively taken into account.
As one of the most vulnerable countries to climate change impacts, Indonesia’s economic recovery measures can and should contribute to achieving the Sustainable Development Goals and the Paris Agreement. Solutions aimed at accelerating the pace of the clean energy transition through implementing energy efficiency measures across the economy and developing Indonesia’s abundant renewable energy potential are central pillars to a green and just economic recovery.
To support a green recovery in Indonesia, this webinar discussed recent policy reforms and the need for additional measures to facilitate private investments in clean energy. It launched the OECD Clean Energy Finance and Investment Policy Review of Indonesia, which highlights actions needed to accelerate the pace of the clean energy transition and identifies opportunities for development partners to support Indonesia’s transition. The panel session looked at the potential for enhanced international collaboration in supporting Indonesia’s green recovery and clean energy transition. This event brought together clean energy finance and investment stakeholders across government, industry, financial institutions, development partners and others.
Opening and keynote speech
Moderated by Rodolfo Lacy, Environment Director, OECD
Presentation of CEFI Policy Review of Indonesia
Moderated by Cecilia Tam, CEFIM Team Leader, OECD