Minister launches green investment for Papua, West Papua

Minister launches green investment for Papua, West Papua

Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan. (ANTARA/Coordinating Ministry for Maritime Affairs and Investment document)

This is concerning the abundance of natural resources in Papua and West Papua. Green investment, utilizing natural resources while maintaining sustainability will become the appropriate scheme to promote development in Papua and West Papua
Jakarta (ANTARA) - Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan has launched a green investment concept in Papua and West Papua. "This is concerning the abundance of natural resources in Papua and West Papua. Green investment, utilizing natural resources while maintaining sustainability will become the appropriate scheme to promote development in Papua and West Papua," he said in a statement received here, Thursday.

Pandjaitan launched the concept at a High Level Meeting on Green Investment for Papua and West Papua in Sorong, Thursday.

Green investment is an environmentally friendly concept that is being optimized by the government of Indonesia, he further said. In its first phase, the concept targets crops, fishery products, with potentials for exports, as well as eco-tourism in Papua and West Papua.

"We have commodities that are ready to be developed further including cacao, Arabica coffee, and nutmeg. We also have seaweed and Robusta coffee that grow well in Papua," he said, adding that culture, environment and sea in Papua offer immense potential for eco-tourism.

He hoped that the green investment concept, due to be implemented in Papua and West Papua, can foster economic growth in the area.

To optimize its abundant natural resources, the government is committed to protecting, preserving and managing the ecosystems of Papua and West Papua in a sustainable manner, the minister said.

The government's commitment is shown through the development of low carbon development initiatives; moratorium on oil palm plantation concessions, and a moratorium on concessions on primary natural forests and peatlands, according to Pandjaitan.

"The forests and ecosystems of Papua and West Papua need to be intact. The government will provide a policy framework, and businesses would need to provide investment and support. This collaboration can only be carried out effectively if local governments, communities, indigenous groups, local businesses, religious groups and civil society organizations can work together and support each other," he said. (INE)

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