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Jakarta Post

IFC estimates green investment potential to reach $200 billion by 2030

  • Eisya A. Eloksari

    The Jakarta Post

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Jakarta   /   Tue, December 10, 2019   /  01:28 pm
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A small garden leads to a building at the Public Works and Housing (PUPR) compound in Kebayoran Baru, South Jakarta. The Green Building Council Indonesia (GBCI) has certified the building as environmentally friendly.(Kompas.com/-)

Investment in green development is expected to see a significant increase in the next 10 years, thanks to regulatory support from the government and financial authorities. The International Finance Corporation (IFC), a member of the World Bank that finances private-sector development, estimates that investment potential in green development will reach about US$200 billion between 2020 and 2030. IFC principal industry specialist William Beloe said on Dec. 6 in Jakarta that the $200 billion investment potential would come from both residential and commercial property at a 3:1 ratio. Beloe said that investment potential in green development would account for 30 percent of all green financing opportunities in Indonesia, including sectors such as renewable energy and electric vehicles, and was expected to reach $700 billion between 2019 and 2030. According to the IFC’s repor...