Jakarta (ANTARA) - Special Envoy for Climate Finance for Indonesia Mari Elka Pangestu launched the Indonesia Climate and Growth Dialogue (ICGD) during the closing session of the Indonesia International Sustainability Forum (IISF) 2024 here Friday.

"The success of the Indonesia Climate and Growth Dialogue (ICGD) in driving Indonesia’s green growth and climate transition relies on strong collaboration and commitment from all stakeholders," Pangestu noted in a statement received in Jakarta on Saturday.

According to her, by working together, Indonesia would not only achieve sustainable economic growth but would also lead the way in addressing the urgent challenges of climate change.

At the launch event, Pangestu accompanied founding members Budi Djiwandono (Parliament), Shinta Kamdani (APINDO), Riki Frindos (Kehati), Masyita Crystallin (Systemiq), Nirata Samadhi (WRI Indonesia), Alin Halimatussadiah (LPEM-UI), William Sabandar (IBC), and Dharsono Hartono (KADIN).

ICGD is a platform for multi-stakeholder collaboration to provide inputs and contribute to strategic thinking and evidence, ensuring Indonesia achieves an economic growth of six to eight percent that is green, blue, resilient, and inclusive.

ICGD has three key objectives, with the first being accelerating sub-sector development. By working together, the dialogue will provide strategic inputs on the development of critical sub-sectors in Indonesia that contribute to green growth, focusing on areas that drive growth, attract investment, and create jobs.

This includes unravelling growth opportunities in critical sectors, such as energy, industry, nature, the ocean, and the circular economy.

The second goal is scaling finance. She pointed out that capital was not flowing fast enough or at scale to capture these opportunities, and ongoing macro and geopolitical challenges, a high perception of country risk, and a lack of project pipeline exacerbate this.

The third objective is to identify and activate key Themes & Enablers.

"Our priority is to identify and activate the key themes and enablers that will drive our green growth agenda – working together with key players in each sector," she remarked.

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Reporter: Asri Mayang Sari
Editor: Rahmad Nasution
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