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Coordinating Minister for Maritime Affairs and Investment of Indonesia, Luhut Binsar Pandjaitan giving his closing remarks at ISF 2024. (Photo : SS doc. Video NK-VOI) - 

VOInews, Jakarta : The Indonesia International Sustainability Forum (ISF) 2024 concluded on Friday (Sept. 6) with a series of climate-related commitments, further cementing Indonesia’s position as a key climate player and leading voice of green growth for developing economiesThe two-day gathering saw the signing of 14 Memoranda of Understanding (MoUs) on critical areas such as cross-border electricity interconnection, carbon capture, acceleration of energy transition, as well as green transition in transportation, among others.

In his closing remarks, the Coordinating Minister for Maritime Affairs and Investment (CMMAI/Kemenko Marves) of Indonesia, Luhut Binsar Pandjaitan said the ISF’s strong spirit of collaboration boosted his hopes in tackling climate crisis.

“I have every confidence that we will maintain the momentum generated in these past two days and
turn the ideas we’ve exchanged into meaningful action, We all heard that the energy transition is complex, and there are no shortcuts. While we all come from diverse backgrounds with different starting points, boundaries, and challenges, we share the same responsibility and opportunity to contribute to the global sustainability journey,” said Pandjaitan, whose Ministry hosted the ISF 2024 with support from the Indonesia Chamber of Commerce (Kadin Indonesia).

Rachmat Kaimuddin, Deputy for Transportation and Infrastructure at the Coordinating Ministry of and Maritime Affairs and Investment (CMMAI/Kemenko Marves), echoed Luhut’s statement saying that the next step is to focus on action.

“We hosted the ISF 2024 in Indonesia because we recognize that to combat climate crisis, the world must build lasting, mutually beneficial collaboration that respects each country's starting point, needs and constraints. We are dealing with complex challenges, but we can't afford to wait for the theoretically perfect solutions. So let us focus on practical solutions that can positively impact people's lives, now", Rachmat said. 

Shinta W. Kamdani, Coordinating Vice Chairwoman for Maritime, Investment and Foreign Affairs of Kadin Indonesia, said that the collaborative solutions from ISF 2024 can bridge the sustainable funding gap, enabling the implementation of sustainable business practices, particularly in terms of financing.

“The ISF 2024 proved to be an impactful platform that could turn collaboration into green opportunities. I look forward to witnessing how the ISF’s follow up actions could strengthen the collective commitment of the corporate world as a key driver in mobilizing green funding,” Shinta said.

The ISF 2024 drew around 7,000 participants, more than triple compared to last year’s attendance. The 7,000 participants were part of the 11,000 people from 53 countries who had registered for the event. Luhut said that next year’s ISF is planned to be held in Bali with a bigger outreach//VOI