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Post-G20/COP27: Regenerative business potential for RI
Indonesia can become a key player in global climate action by harnessing the potential of regenerative business in using and maintaining its forest and agricultural resources.
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A group of people take a walk on May 20, 2022 in a peat forest, Southeast Asia’s largest, situated between the Katingan and Mentaya rivers in Central Kalimantan.
(Antara/PT Rimba Makmur Utama)
Two prominent global events have just ended: the Group of 20 Bali Summit in Indonesia and the COP27 climate conference in Egypt. The two events created both opportunities and responsibilities for the world.
The question is, how can Indonesia take both opportunities and responsibilities forward?
On the one hand, Indonesia was praised for successfully hosting and chairing negotiations that produced the Bali Leaders’ Declaration at the end of the G20 Summit, despite the difficult global circumstances of the past 10 months.
On the other hand, COP27 was largely criticized for its failure to produce an agreement among countries to achieve the necessary global emission reduction targets. Many countries have fallen short of setting the required targets to keep global temperatures at a safe level.
While the world’s climate situation seems dire, Indonesia still has an opportunity and the capacity to lead the climate efforts, just like it did at chairing the G20 so well. It can do this by investing in nature and regenerative businesses.
Regenerative business is a new investable economic sector. While sustainable businesses try to do less harm, regenerative businesses restore the environment. Regenerative businesses add more value than what they take from nature and enhance nature’s ability to regulate the ecosystem, including carbon, which is precisely what we need in the global climate crisis. Even if we decarbonize our energy sector and go completely green, we still need to absorb emissions from the atmosphere.
Regenerative business practices can be applied across sectors.
