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GGGI-Indonesia Launches Phase II to Boost Green Investment Growth

JAKARTA August 31, 2016 the Global Green Growth Institute (GGGI), in collaboration with the Government of Indonesia, launched Phase II of the Government of Indonesia-GGGI Green Growth Program (GGP) in Jakarta today. GGGI is an intergovernmental organization that aims to support Indonesia to move to green growth. The GGP focuses therefore on green growth in economic planning to support economic activities that attract investments in energy, green infrastructure within Special Economic Zone and forest and land-used mitigation.

 

Today’s launch is a testament to the green growth results that have been achieved in Indonesia, and is a strong reaffirmation of stakeholders commitment to secure an inclusive and sustainable future for all in Indonesia,” said Yvo de Boer, Director-General of GGGI.

 

The four-year Program aims to build on the success of Phase I which mainstreamed green growth into Indonesia’s development planning framework through the adoption of a National Green Growth Roadmap and by introducing demand driven investment assessment tools as well as building stakeholder capacities in the critical forest, land-use and energy sectors.

 

“Over the next three years green investment is set as a priority in various business sectors, including clean energy, climate resilient infrastructure, sustainable forestry and fisheries, ecotourism, and smart cities,” Bambang Brodjonegoro, Minister for the National Development Planning/Head of National Development Planning Agency (Bappenas). He added that Phase II will contribute to achieving these targets and supports to position Indonesia as a green growth leader in the ASEAN.

 

Indonesia’s participation

The collaboration between Indonesia and GGGI began in 2013, as Indonesia served as one of the founding members of GGGI, which now has 27 member countries. Through GGP Phase I in 2013, GGGI supported the Government of Indonesia at various levels with the development and implementation of cross sectoral green growth planning – working together with the government to adopt systematic approaches to improve green investment.

 

Phase II will have an investment of US$18.5 million in the form of technical expertise for the government and other stakeholders in Indonesia, fully funded by the government of Norway.

 

“Many predict that there will be a major shift in global economy by 2030. With this cooperation, we hope to initiate, build and strengthen all components of the country; the government, communities, civil society and the private sector, to support Indonesia's leading role in making the green transition in the global economy by 2030,” said Stig Traavik, Norwegian Ambassador to Indonesia.