Indonesia’s 2020-2024 National Medium-Term Development Plan has Incorporated Climate Change into the Mainstream of Indonesia’s Broader Low-Carbon Development (LCDI) Strategy

October 17, 2020 — The Indonesian government has issued Sovereign Global Green Sukuk (an innovative financial instrument for supporting Indonesia’s reduction of greenhouse gas emissions) totaling US$2.75 billion. The proceeds of these are allocated to finance sustainable transportation, flood mitigation in highly vulnerable areas, access to energy from renewable sources, waste management, and energy efficiency projects. Moreover, the government issued the world’s first Green Sukuk Retail in 2019, with a total investment of some US$100 million. Read more.