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Business in Crisis

Monday, 10 January 2022

In the effort to mitigate the climate crisis by 2030, Indonesia needs Rp3,779 trillion to reduce its carbon emission. It opens business opportunities.

Muhammad Slamet, Head of the Tani Usaha Maju Group, is showing how the biogas stove work in Bendrong hamlet, Malang Regency, East Java, December 31, 2021. Slamet is a pioneer in biogas production and his work has given him the Kalpataru award in 2013. TEMPO/Abdi Purmono . tempo : 166957647395

TWO weeks after the conclusion of the COP26 Climate Change Conference in Glasgow, Scotland, the Finance Ministry Fiscal Policy Agency (BKF) announced that it would cost Rp3,997 trillion to reduce green gas emissions by 2030. That amount of funding is needed to lower Indonesia’s carbon emission by 29 percent through the country’s own effort in order to prevent the climate crisis.

The figure was proposed by Indonesia to the COP26 from ...

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