IDEAS home Printed from https://ideas.repec.org/a/taf/cdipxx/v34y2024i8p1048-1057.html
   My bibliography  Save this article

Green financing for climate resilience and low-carbon development in Indonesia: viewpoints for the road ahead

Author

Listed:
  • Ari Rakatama
  • Dinda Ayu Maharani
  • Dzulfian Syafrian
  • Fauziah Rizki Yuniarti

Abstract

The Indonesian Government has set ambitious climate targets and commitments, and now appropriate climate action is needed to achieve these targets. This viewpoint article identifies gaps in financing to achieve Indonesia’s climate commitments and suggests funding mobilisation strategies for climate action; it also recommends policy options to utilise available funding effectively and efficiently. It was estimated that realising climate commitments requires up to USD 276 billion in total, and the financing gap to realise this is around 53 per cent. To achieve the climate target, the government needs appropriate financing strategies. Securing funding from national and international sources, as well as from public and private sources, is critical to filling the gap and establishing financial source diversification. The limited state budget must be optimised through financial instruments such as green bonds, carbon pricing, and fiscal transfers. International financial sources must also be mobilised through bilateral, regional, and multilateral channels.

Suggested Citation

  • Ari Rakatama & Dinda Ayu Maharani & Dzulfian Syafrian & Fauziah Rizki Yuniarti, 2024. "Green financing for climate resilience and low-carbon development in Indonesia: viewpoints for the road ahead," Development in Practice, Taylor & Francis Journals, vol. 34(8), pages 1048-1057, November.
    • Handle: RePEc:taf:cdipxx:v:34:y:2024:i:8:p:1048-1057
    DOI: 10.1080/09614524.2023.2295790
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09614524.2023.2295790
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09614524.2023.2295790?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:cdipxx:v:34:y:2024:i:8:p:1048-1057. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/cdip .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.