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Jakarta Post

ADB will not finance dirty energy projects

  • The Jakarta Post

Jakarta   /   Sat, December 18 2010   /  11:43 am

Indonesia has been exposed to more frequent extreme weather changes believed to be caused by climate change. The government plans to make its development strategy more environmentally friendly by producing fewer emissions in boosting its economy. The Jakarta Post’s Adianto P. Simamora interviewed David McCauley, principal climate change specialist of the Asian Development Bank (ADB) about climate financing issues needed for a low-carbon economy on the sidelines of climate talks in Cancun, Mexico. Below are the excerpts.

Question: What is the economic cost of climate change in Indonesia?

Answer: We don’t yet have a figure for economic cost. We still rely on estimates made by the World Bank analysis on economic cost on climate change adaptation but it is not detailed on a country level. For the Asia-Pacific region, predicted economic cost is around US$10 billion per year ...