The economy of Indonesia is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Estimated at over 21 quadrillion rupiah in 2023, it is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reach US$77 billion in 2022, and is expected to cross the US$130 billion mark by 2025. Indonesia depends on the domestic market and government budget spending and its ownership of state-owned enterprises. The administration of prices of a range of basic goods also plays a significant role in Indonesia's market economy. However, since the 1990s, the majority of the economy has been controlled by individual Indonesians and foreign companies.
The International Bank for Reconstruction and Development (IBRD) is an international financial institution, established in 1944 and headquartered in Washington, D.C., United States, it is the lending arm of World Bank Group. The IBRD offers loans to middle-income developing countries.It is the first of five member institutions that compose the World Bank Group. The initial mission of the IBRD in 1944, was to finance the reconstruction of European nations devastated by World War II. The IBRD and its concessional lending arm, the International Development Association (IDA), are collectively known as the World Bank as they share the same leadership and staff.
Environmental finance is a field within finance that employs market-based environmental policy instruments to improve the ecological impact of investment strategies. The primary objective of environmental finance is to regress the negative impacts of climate change through pricing and trading schemes. The field of environmental finance was established in response to the poor management of economic crises by government bodies globally. Environmental finance aims to reallocate a businesses resources to improve the sustainability of investments whilst also retaining profit margins.
The Inter-American Development Bank is an international financial institution headquartered in Washington, D.C., United States of America, and serving as the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.
A green economy is an economy that aims at reducing environmental risks and ecological scarcities, and that aims for sustainable development without degrading the environment. It is closely related with ecological economics, but has a more politically applied focus. The 2011 UNEP Green Economy Report argues "that to be green, an economy must not only be efficient, but also fair. Fairness implies recognizing global and country level equity dimensions, particularly in assuring a Just Transition to an economy that is low-carbon, resource efficient, and socially inclusive."
The Center for International Forestry Research (CIFOR) is a non-profit scientific research organization that conducts research on the use and management of forests with a focus on tropical forests in developing countries. CIFOR, which merged with World Agroforestry on Jan. 1, 2019, is the forestry and agroforestry research center of the Consultative Group on International Agricultural Research (CGIAR), a network of 15 research centers around the world that focus on agricultural research for sustainable development, working closely with governments and other partners to help develop evidence-based solutions to problems related to sustainable agriculture and natural resource management.
REN21 is a think tank and a multistakeholder governance group which is focused on renewable energy policy.
A sustainable city, eco-city, or green city is a city designed with consideration for social, economic, environmental impact, and resilient habitat for existing populations, without compromising the ability of future generations to experience the same. The UN Sustainable Development Goal 11 defines sustainable cities as those that are dedicated to achieving green sustainability, social sustainability and economic sustainability. They are committed to doing so by enabling opportunities for all through a design focused on inclusivity as well as maintaining a sustainable economic growth. The focus will also includes minimizing required inputs of energy, water, and food, and drastically reducing waste, output of heat, air pollution – CO2, methane, and water pollution. Richard Register, a visual artist, first coined the term ecocity in his 1987 book Ecocity Berkeley: Building Cities for a Healthy Future, where he offers innovative city planning solutions that would work anywhere. Other leading figures who envisioned sustainable cities are architect Paul F Downton, who later founded the company Ecopolis Pty Ltd, as well as authors Timothy Beatley and Steffen Lehmann, who have written extensively on the subject. The field of industrial ecology is sometimes used in planning these cities.
The Alliance to Save Energy is a bipartisan, nonprofit coalition of business, government, environmental, and consumer groups based in Washington, D.C. The Alliance states that it advocates for "energy-efficiency policies that minimize costs to society and individual consumers, and that lessen greenhouse gas emissions and their impact on the global climate." The Alliance's chief activities include public relations, research, and lobbying to change U.S. energy policy.
CAF - development bank of Latin America and the Caribbean, formerly the Andean Development Corporation, is a development bank whose mission is to promote sustainable development and regional integration in Latin America and the Caribbean, through the financing of projects of the public and private sectors, the provision of technical cooperation and other specialized services.
Geothermal power in Indonesia is an increasingly significant source of renewable energy. As a result of its volcanic geology, it is often reported that Indonesia has 40% of the world's potential geothermal resources, estimated at 28,000 megawatts (MW).
Thomas C. Heller is a climate policy lawyer and academic. He currently serves as the chairman of the board for Climate Policy Initiative, an organization he founded in 2009 that works to improve energy and land use policies, with offices and programs in Brazil, China, Europe, India, and Indonesia, and the United States.
In 2019, the total energy production in Indonesia is 450.79 Mtoe, with a total primary energy supply is 231.14 Mtoe and electricity final consumption is 263.32 TWh. Energy use in Indonesia has been long dominated by fossil resources. Once a major oil exporter in the world and joined OPEC in 1962, the country has since become a net oil importer despite still joined OPEC until 2016, making it the only net oil importer member in the organization. Indonesia is also the fourth-largest biggest coal producer and one of the biggest coal exporter in the world, with 24,910 million tons of proven coal reserves as of 2016, making it the 11th country with the most coal reserves in the world. In addition, Indonesia has abundant renewable energy potential, reaching almost 417,8 gigawatt (GW) which consisted of solar, wind, hydro, geothermal energy, ocean current, and bioenergy, although only 2,5% have been utilized. Furthermore, Indonesia along with Malaysia, have two-thirds of ASEAN's gas reserves with total annual gas production of more than 200 billion cubic meters in 2016.
Diplomatic relations between European countries and Indonesia date back to 1949. Initially, European Union (EU)–Indonesia relations were facilitated through the EU–Association of Southeast Asian Nations (ASEAN) cooperation. Bilateral cooperation was continuously expanded and eventually the EU Delegation to Indonesia was opened in 1988. Economic and political dialogue between Indonesia and the EU takes the form of regular Senior Officials Meetings. In 2000 relations were further reinforced with the release of the European Commission's communication "Developing Closer Relations between Indonesia and the EU". In November 2013, the EU's high representative for foreign and security policy Catherine Ashton made her first official visit to Indonesia.
Climate finance are funding processes for investments related to climate change mitigation and adaptation. The term has been used in a narrower sense to refer to transfers of public resources from developed to developing countries, in light of their UN Climate Convention obligations to provide "new and additional financial resources". In a wider sense, the term refers to all financial flows relating to climate change mitigation and adaptation.
The Sustainable Development Goals (SDGs) or Global Goals are a collection of seventeen interlinked objectives designed to serve as a "shared blueprint for peace and prosperity for people and the planet, now and into the future." The short titles of the 17 SDGs are: No poverty, Zero hunger, Good health and well-being, Quality education, Gender equality, Clean water and sanitation, Affordable and clean energy, Decent work and economic growth, Industry, innovation and infrastructure, Reduced inequalities, Sustainable cities and communities, Responsible consumption and production, Climate action, Life below water, Life on land, Peace, justice, and strong institutions, and Partnerships for the goals.
Barbara K. Buchner is an Austrian economist, with a doctorate in economics from the University of Graz. She specializes in climate finance, and is the global managing director and the executive director for the climate finance division of the Climate Policy Initiative. In 2014, the International Council for Science listed her on its Road to Paris website among twenty women influential in climate change.
Sustainable Development Goal 7 is one of 17 Sustainable Development Goals established by the United Nations General Assembly in 2015. It aims to "Ensure access to affordable, reliable, sustainable and modern energy for all." Access to energy is an important pillar for the wellbeing of the people as well as for economic development and poverty alleviation.
Sustainable finance is the set of financial regulations, standards, norms and products that pursue an environmental objective. It allows the financial system to connect with the economy and its populations by financing its agents while maintaining a growth objective. The long-standing concept was promoted with the adoption of the Paris Climate Agreement, which stipulates that parties must make "finance flows consistent with a pathway towards low greenhouse gas emissions and climate-resilient development." In addition, sustainable finance had already a key role to play in the European Green Deal and in other EU International agreements, but since the COVID-19 pandemic its role is even more important.
Fondazione Eni Enrico Mattei (FEEM) is a nonprofit, nonpartisan research center and think tank based in Milan with offices in Venice and Viggiano. FEEM is considered a leading international research center for the study of energy and environmental issues, focusing globally on the environment, sustainable development and governance. The Foundation's mission is the research-based improvement of the quality of public and private sector decision-making.
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