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Jakarta Post

Indonesia ‘lucrative’ for climate-friendly investments

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Sat, December 1 2018   /  03:10 am

The International Finance Corporation (IFC) of the World Bank Group has estimated that Indonesia’s most populous cities can raise tens of billions of dollars from investments related to combating climate change.

The IFC, through its latest report titled Climate Investment Opportunities in Cities, said Indonesia’s capital of Jakarta had the potential to lure almost US$30 billion worth of climate-friendly investment opportunities until 2030.

Sandra Pranoto, IFC Indonesia lead for green buildings, said the investments could be directed toward various facilities, especially the development of green buildings, which had been estimated to garner US$16 billion in investments.

Jakarta kick-started the regulatory scheme for climate-friendly living when it issued five years ago Gubernatorial Regulation 38/2013 on green buildings, she said.

“After that, the Pub...