We believe that we still have hope for (making our Earth) a better planet, especially for our next generation.
Jakarta (ANTARA) - The Indonesia Deposit Insurance Corporation (IDIC/LPS) held an international seminar, in collaboration with the International Association of Deposit Insurers (IADI), to encourage all deposit insurance institutions worldwide to partake in mitigating impacts of climate change.

Chairperson of the board of commissioners of LPS Purbaya Yudhi Sadewa stated in Nusa Dua, Bali Province, on Wednesday that awareness on climate change -- which could trigger various natural disasters -- should be increased.

"We want to call for concrete actions to tackle climate change and encourage (the development of) a more sustainable and green economy," he remarked at the LPS International Seminar.

The World Bank noted that the impacts of climate change, including increasing occurrence of floods and droughts, change in rainfall patterns, as well as rising global temperatures, might cost a country 2.5 to seven percent of its gross domestic product (GDP), he stated.

"Hence, we cannot ignore the (current) climate emergency, and it is our duty to lead the attempts to protect our Earth to prevent a more severe climate crisis," the LPS official remarked.

He stated that one small action taken to mitigate the (impacts of) climate change will make a huge difference.

"We believe that we still have hope for (making our Earth) a better planet, especially for our next generation. Hence, we need to take immediate action together, especially among the deposit insurance agencies," he emphasized.

Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Panjaitan -- who was one of the keynote speakers at the seminar -- also noted that Indonesia is struggling due to the climate change crisis that has severe impacts on the nature, ecosystems, and society.

“As the largest archipelagic country (in the world), with a lot of lowlands and small islands, Indonesia is one of the countries that is vulnerable to the negative impacts of climate change," he added.

Hence, he said that Indonesia would intensify the implementation of a green economy while maintaining the stability of future economic growth, such as by developing various technologies that could produce affordable new and renewable energy.

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Translator: Sanya Susanti, Uyu Liman
Editor: Sri Haryati
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