Indonesia is entering into an important half in its transition in the direction of a low-carbon and climate-resilient monetary system, with its Enhanced Nationally Determined Contributions (ENDC) setting a daring aim of decreasing as a lot as 43.2% greenhouse gasoline emissions by 2030 with worldwide help. Attaining this ambition requires unlocking an estimated USD 285 billion in funding between 2020 and 2030, far previous the fiscal functionality of most of the people sector. The current panorama of sustainable finance in Indonesia, nonetheless, stays fragmented. It is characterised by institutional silos, inconsistent regulatory indicators, and restricted personal capital mobilization.
To deal with this drawback, the Authorities of Indonesia has established the Sustainable Finance Committee (SFC) beneath Regulation No. 4/2023 on the Enchancment and Strengthening of the Financial Sector. The SFC is remitted to align fiscal, monetary, and regulatory authorities beneath a unified institutional platform aimed towards mobilizing native climate finance, advancing protection coherence, and guaranteeing systemic governance of climate-related financial risks.
This White Paper gives a strategic and wise steering for establishing the SFC as Indonesia’s central protection synchronisation and governance platform for driving the implementation of the sustainable finance agenda. The doc is structured spherical three foundational pillars: (1) governance construction, (2) protection alignment and optimization, and (3) sectoral coalition progress.
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