Wahyu Dwi Anggoro
In parallel, Germany, also through KfW, will allocate a grant of 7.82 million EUR to facilitate the growth of Indonesia's Green Bond market ecosystem. This means not only to increase the volume of Green Bond issuances but also to encourage issuers to offer high-quality standard bonds. A portion of the grant will be used to strengthen the capabilities of Green Bond issuers and the Indonesian government. The project seeks to mobilize additional funding for Indonesia’s ambitious climate agenda including its energy transition as set out in the Just Energy Transition Partnership (JETP) between Indonesia, Germany and the other members of the International Partners Group.
Indonesian-German development cooperation dates back to 1958, and both countries have since worked jointly towards Indonesia’s sustainable development in various areas. Currently, the governments of Indonesia and Germany focus on the areas of energy and sustainable urban development including public transport and circular economy as well as forest management and conservation. (WHY)
