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Indonesia

WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

  • [New] The Indonesian government has set a goal of achieving net-zero emissions by 2060. Jakarta Globe
  • [New] AC Energy has built around 2,600 megawatts of attributable capacity across the Australia, India, Indonesia, the Philippines and Vietnam and aims to double the capacity to 5,000 megawatts by 2025. Forbes
  • [New] The energy system analysis provides a deep dive into the power markets in Indonesia and Vietnam, as together they will account for more than 70% of the incremental CO2 emissions in ASEAN within this decade. carbon-pulse
  • [New] The impact of the sea-level rise is more concentrated in Asia, with China the most at risk, followed by India, Bangladesh, Vietnam and Indonesia. downtoearth
  • [New] Indonesia aims to limit deforestation to between 325,000 and 450,000 hectares (800,000 to 1.1 million acres) a year, a level it believes will still allow economic development. University World News
  • [New] Jakarta - Indonesia can become the world's seventh-largest economy by 2030 in the event of swift and apposite growth in digitalization in the economic and financial sectors. Antara
  • [New] While the compound annual growth rate of projects in the halal industry will increase to 6.2% by 2024, as a country with the largest Muslim population in the world, Indonesia is considered not to have optimized the potential and opportunities of the sharia economy. Antara
  • Four other countries - Indonesia, Thailand, the Philippines and Malaysia - all recorded negative growth last year, and 2021's growth forecast is also predicted below 3.5%. The Saigon Times
  • Growth in the ASEAN-5 countries including Indonesia and Malaysia is now expected to be much slower than seemed likely in July, while growth in Saudi Arabia and Russia is significantly stronger. Wood McKenzie
  • INSG points to the ramp up of new NPI projects last year as well as high pressure acid leaching projects being developed in Indonesia and other countries, which could increase nickel output. Mining.com
  • Indonesia has been committed to reducing gas house emission by 29% in 2030 and up to 41% with the help of international communities including in the field of technology and finance. TEMPO.CO
  • Indonesia could adopt similar policies as part of its efforts to achieve net-zero. lcdi-indonesia.id
  • A more stable economy with provisions for renewable energy and energy efficiency development could deliver crucial advances in clean energy for Indonesia. lcdi-indonesia.id
  • Indonesia will need to work closely with its development partners, including bilateral donors and multilateral banks, to realign finance flows to advance the net-zero agenda. lcdi-indonesia.id
  • Ambitious and high-profile commitments to restore and protect forests, peatlands and mangroves in the context of a net-zero target could help Indonesia overcome challenges in attracting significant finance from REDD + and from major bilateral and multilateral donors focused on land use emissions. lcdi-indonesia.id
  • More rapid and extensive deployment of solar photovoltaics, for instance, might enable Indonesia to accelerate the transformation of its energy sector. lcdi-indonesia.id
  • With Indonesia taking on the G20 Presidency in 2022, a net-zero commitment can demonstrate strong leadership on climate and inspire others to raise ambition, including through climate finance. lcdi-indonesia.id
  • The combination of potential GDP impact, risks from slow-onset climate change impacts and extreme events, and adaptive capacity resulted in Indonesia being ranked the most vulnerable among 48 countries analyzed (Malaysia, the Philippines, India, and Thailand rounded out the top five). lcdi-indonesia.id
  • Indonesia's successful efforts to restore and protect forests, peatlands and mangroves, meanwhile, and the very ambitious commitments in the net-zero scenarios, could attract significant finance from REDD + and from major bilateral and multilateral donors focused on land use emissions. lcdi-indonesia.id
  • Transforming Indonesia's economy to achieve net-zero will require shifts in existing investments as well as new financing. lcdi-indonesia.id
  • Indonesia has made great strides through the LCDI, and even amid the COVID-19 crisis, it has continued to look for opportunities to raise its ambitions. lcdi-indonesia.id
  • Unless a net-zero vision is integrated into ongoing recovery efforts, Indonesia could lack the fiscal space for ambitious climate action - and new investments will be needed in any case. lcdi-indonesia.id

Last updated: 25 October 2021


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