VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

VOINews, Jakarta - Transportation Minister Budi Karya Sumadi has informed that green financing from the financial service industry will be an important part of the strategic plan of his ministry until 2060.

"Transportation investment is indeed expensive, but it can be sustainable and have many benefits for a long period of time," he added at the Green Financing Strategy National Seminar here on Wednesday.

Sumadi explained that to advance green financing from the sustainable railway sector, the Ministry of Transportation has prepared a number of development strategies.

They include building high-speed trains, developing Mass Rapid Transit (MRT) and Light Rail Transit (LRT), and building double tracks.

Further, the development of the urban railway and airport rail link will also be a part of the ministry's strategic plan going forward, he added.

"If the productivity is high, urban mass transportation must be built," he said.

The minister added that Indonesia, through Law Number 16 of 2016 on the Paris Agreement to the United Nations Framework Convention on Climate Change (UNFCCC), has committed to reducing emissions by 29 percent by 2030 and achieving net zero emissions by 2060.

This is in accordance with the Nationally Determined Contribution (NDC) climate action plan, which is Indonesia's commitment document to the world through the UNFCCC in response to global warming and climate change.

According to him, the transportation sector currently contributes 18 percent to the total national emissions. Through the ministry's strategic plan, carbon and transportation emissions are targeted to be brought down to zero percent by 2060.

He further said that based on the latest data from the ministry, 35 million people travel within Java Island every day. However, the number of people using mass transportation is only 3 million.

Therefore, the government is targeting to shift at least 50 percent of the people to mass transportation in the next few years. (antaranews)