VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Global Blended Finance Alliance launch at G20 side event in Bali - 

The Indonesian government launched the "Global Blended Finance Alliance" at the Tri Hita Karana (THK) Sustainable Development Forum 2022 on Sunday, November 13, 2022 at Bali Nusa Dua Convention Center, ITDC area, Bali. Coordinating Minister for Maritime Affairs and Investment (Menko Marves), Luhut B. Pandjaitan said in his opening remarks that this launch would build capacity across the government, private sector, and philanthropy to make a better mix.

"This alliance will be based in Bali and we invite all parties to partner with us. We don't have time to give up if we want to open trillions of investments every year. We need to do this for our future generations," said Coordinating Minister Marves in his opening remarks.

The Coordinating Minister for Marves welcomed the THK Forum as a concrete action step to accelerate investment in the Sustainable Development Goals (SDGs). "As co-host of the Tri Hita Karana Forum, the Government of Indonesia is proud to see that we have helped catalyze more than USD30 billion for projects and initiatives related to SDGs this year through blended finance solutions. This is three times what we did at the last THK Forum in 2018," added the Coordinating Minister for Marves.

But in addition, Indonesia is still experiencing financial gaps, especially in climate-related financing. Coordinating Minister Marves said during the 15th Conference of Parties (COP15) United Nations Framework Convention on Climate Change (UNFFC), developed countries have committed to the common goal of mobilizing USD 100 billion per year by 2020 for climate action in developing countries. In addition, around USD 3.3-4.5 trillion per year needs to be mobilized to achieve the 2030 SDGs Agenda.

"The Indonesian government has identified a fair and affordable transition from coal to clean energy as a national priority and has included an energy transition driven by sustainable financing mechanisms. In line with its global climate change mitigation goals, Indonesia has increased its NDC target by September 2022 and is committed to achieve net zero emissions by 2060 or sooner," said the Coordinating Minister for Maritime Affairs.

According to a release received by Voice of Indonesia on Sunday (13/11/22), Indonesia is currently finalizing cooperation negotiations with the International Partners Group led by the United States-Japan for the Equitable Energy Transition Partnership program.

"We are ready to implement programs towards phased-down including early retirement of coal-fired power plants for significant greenhouse gas reductions for more ambitious NDC targets. I am proud of the work that has been done to finance the transition to a clean energy system. This will require international funding to move faster," explained the Coordinating Minister for Maritime Affairs.

In addition, Indonesia has proven an increase in economic growth up 5.72 percent year-on-year in the third quarter. The Coordinating Minister for Maritime Affairs expressed his pride at the existence of blended finance solutions for Indonesia's nature which is included as the first sustainable landscape bond in the world and a new fund for biodiversity.

"We've also developed carbon finance regulations because we have rainforests, peatlands, mangroves and coral reefs that are incredible and need protection and we need to find ways to pay for it. I was delighted to see so many business and financial leaders attend today's hearing "Right now a more sustainable world is the best way to encourage growth and build resilience to economic shocks," concluded the Coordinating Minister for Maritime Affairs//VOI

The Tri Hita Karana Forum held a Side Event Ocean20 (O20): Rebuilding the Blue Natural Capital & Ecosystem Services - 

The Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves) together with the Tri Hita Karana Forum held a Side Event Ocean20 (O20): Rebuilding the Blue Natural Capital & Ecosystem Services on Sunday (13/11/2022). Through this activity it is hoped that it will generate discussions on Blue Natural Capital (BNC) to strengthen diplomacy in the maritime sector at the G20 Summit Presidency.

BNC is a natural capital found in coastal and marine environments, such as coral reefs, mangroves, seaweed, and seagrass beds. "United Nations for Environment or UNEP has identified that BNC is an important asset to support the economy through resources in the sea to be able to provide input for economic consumption and production," said Plt. Deputy for Coordination of Maritime Resources of the Coordinating Ministry for Maritime Affairs M. Firman Hidayat.

Indonesia is committed to taking steps to protect, manage sustainably, and restore natural resources in the sea. "As the largest archipelagic country and large marine biodiversity, we are fully aware that the marine ecosystem in our country plays a key role in regulating the health and sustainability of the ocean," he said.

With the existence of BNC, the Indonesian government is currently developing ways to achieve a blue economy. Several marine related policies have been formulated and updated by the Indonesian government and other stakeholders. One of them is Presidential Regulation Number 34 of 2022 concerning the 2021-2025 Indonesian Maritime Policy Action Plan as a guideline for planning, implementing, monitoring, and evaluating policies in the marine and development sector. Indonesia is determined to create healthy and sustainable oceans by developing BNC.

According to a release received by Voice of Indonesia on Sunday (13/11/22), starting from efforts to protect the marine environment, marine spatial planning policies have become the main reference for economic development and environmental preservation. "The Indonesian government is keeping a commitment to expanding marine protected areas to 32.5 million hectares by 2030. Apart from that, a mangrove rehabilitation program is also being pursued in Indonesia," explained Plt. Deputy Word.

Previously, a workshop on Coral Reef and Blue Natural Capital was held as an activity towards Ocean20 last August and resulted in the conclusion that BNC can be rebuilt before damage occurs in the future. This can be done with cooperation between all parties, to produce a strong and solid strategy. "It is hoped that through today's activities, we can produce concrete policy recommendations regarding the BNC and strengthen maritime-related diplomacy at the G20 Summit. I hope that through this meeting we can also discuss current policies," he said.

To strengthen the discussion at this activity, there were six speakers who expressed their views on BNC and what could be done to produce policy recommendations related to the sustainability of the marine economy and at the same time protecting these resources. The speakers consisted of Director of the Ocean World Economic Forum Kristian Telaki, chairman of the Indonesian Coral and Ornamental Fish Association Dirga Singkarru, Head of the Research Center for Oceanography of BRIN Udhi Eko Hernawan, and chairman of the Conservation Strategy Fund Mubariq Ahmad.

"Finally, I hope that through this activity we can promote the interests of the BNC. I invite all of us to collaborate starting today to reaffirm our commitment to creating a more sustainable and better future,” concluded Plt. Deputy Word//VOI

Minister Luhut Binsar Panjaitan during his speech at the G20 B20 summit in Bali - 

The Coordinating Minister for Maritime Affairs and Investment (Menko Marves) Luhut B. Pandjaitan in the Business20 (B20) Summit, Sunday (13-11-2022) said that as a result of the Covid-19 pandemic, collaboration between business and the government is the most important effort that needs to be done. done for the sustainability of business, planet, and society. "I think it's important for all of us to be prepared to face the worst risks to produce good output," he said.

He said that in the midst of the current conditions, we must think about taking action in a new situation, to combat the existing existential threat, namely climate change. The recent natural disasters and famines that affect almost the entire world are directly related to the ever-increasing global temperature,” he said.

B20 as an official dialogue forum representing the global business community is not only able to recommend policies, but B20 can also follow up on these policies and prioritize the common good.

With abundant natural resources, Coordinating Minister Luhut said technology and data are the keys to finding long-term solutions to economic and environmental challenges. The hope is that it will create innovation, new jobs, improve energy efficiency, and promote industry, investment, and sustainable development.

Based on the experience of the last eight years, Indonesia has transformed its economy to become more efficient, more developed, and less dependent on commodities. "One of the many reasons behind it is our success in transforming our economy so that it is less dependent on exports of raw commodities," said Coordinating Minister Luhut. He explained that the downstream policy has turned Indonesia into a world investment center, especially for the electric vehicle (EV) and battery industry in the near future.

In addition, Indonesia is building a green industry in North Kalimantan. There will be entirely new renewable energy, such as hydropower, which could also support the manufacture of products such as batteries and battery inputs with a low carbon footprint. This is considered important because in Indonesia itself, many people use motorized vehicles, both cars and motorbikes. "If society can change from using fossil-based vehicles to EVs, then this will contribute significantly to reducing emissions," he concluded.

According to a release received by Voice of Indonesia on Sunday (13/11/22), the battery supply chain investment project is estimated to be worth more than USD 21 billion. On the demand side, the government is currently formulating an incentive scheme that will encourage more public use of EVs, and that will help the transition happen more quickly.

“We must prioritize the energy transition through decarbonization in the power generation sector and its use. To make this happen, we need the joint efforts of all countries, both developed and developing countries, in the energy transition," said Coordinating Minister Luhut. Furthermore, he believes that economic recovery, sustainable economic and business practices, and inclusive growth will bring prosperity to future generations//VOI

Floating PLTS in Bali that will showcased to the G20 delegates - 

The Provincial Government of Bali accelerates its energy self-sufficiency program with new and renewable energy (EBT) starting in 2022 through various policy regulations and the construction of power plants towards the availability of environmentally friendly energy. The Green Bali Plan with Net Zero Emission (NZE) targets to be achieved in 2045, faster than the national target in 2060.

The acceleration is an effort to maintain "Bali Compact" commitment reached by the Energy Transitions Ministerial Meeting (ETMM) in Bali last September 2022 as part of the journey of the 2022 G20 Presidency of Indonesia. The commitment contains nine principles that are an essential part to accelerate the energy transition.

"The acceleration of Bali's energy self-sufficiency program with clean energy supports Indonesia as a concrete manifestation of the NRE commitment to accelerate the energy transition of G20 countries," said Ida Bagus Setiawan to the G20 Communications and Media Team, Sunday, Nov. 13, 2022. He is Head of the Energy and Mineral Resources Division of the Bali Province Manpower and Energy and Mineral Resources Office.

Bagus Setiawan said Bali is a pioneer province in preparing various regional regulations and policies in the use of clean energy in line with supporting the primary energy mix towards Bali NZE in 2045.

According to a release received by Voice of Indonesia on Sunday (13/11/22), the government is promoting the acceleration until 2022 by underpinning 20 regional and 27 governor regulations. These regulations include regional policies related to energy security and maintaining the balance of Bali's nature.

One of the policies implemented by the Bali Provincial Government is the gradual transition from the use of oil and coal-fired power plants to liquid natural gas (LNG) and new renewable energy (NRE). In addition, it is also gradually revitalizing old power plants that use fossils to be more environmentally friendly.

Based on the latest study from the Bandung Institute of Technology (ITB) research team, in 2022, Bali has potentials for new renewable energy sourced from solar energy. This solar energy source is the highest value, capable of producing 10,000 megawatts (MW). The study mentions that Indonesia can explore other potential sources, including 37 MW of waste-to-energy and 1,000 MW of wind power.

The plan for the development of NRE power plant union will be conducted in stages starting 2021-2030, including 3.5 MW Nusa Penida solar power plant in 2022, 1.3 MW Titab Reservoir in 2023, and 24 MW of West and East Bali in 2023. In addition, power plants spread from Java to Bali will be able to generate 25 MW in 2030. The total target of produced electricity is 154.8 MW.

The acceleration of energy transition is in line with Bali's policy direction through "Nangun Sat Kerthi Loka Bali",  the development pattern maintains the sanctity and harmonization of Bali's nature and its contents//VOI