Jakarta Investment Centre (JIC) continues to be a pivotal player for sustainable development and environmental responsibility. This was showcased at the Unlocking Capital for Sustainability (UCFS) Indonesia 2023 event, themed "Navigating Indonesia’s Net-Zero Journey," held on August 31, 2023, at the Pullman Jakarta Thamrin. UCFS, an annual forum on sustainable finance for the Asia-Pacific region, is organized by Eco-Business in collaboration with the United Nations Environment Programme (UNEP). The forum brings together high-level decision-makers from finance, business, government, and civil society to discuss and commit to initiatives that mobilize capital markets for sustainable development.
The 2023 edition of UCFS featured a series of forums in the Philippines, Indonesia, and Malaysia throughout August and September, culminating in a grand meeting in Singapore on September 27th and 28th.
JIC's participation in UCFS Indonesia 2023 was not only a demonstration to its commitment to sustainability but also an opportunity to highlight Jakarta's role in Indonesia's journey towards carbon neutrality by 2060.
While the US$20 billion Just Energy Transition Partnership is a promising start, it won't cover the long-term expenses needed to reach Jakarta's net zero goal. We face unique challenges, from the cost of renewable energy tech to our reliance on manufacturing and ongoing social issues. However, Jakarta is brimming with potential. The city has many initiatives in supporting the progression of business and investment climate for the green transition projects and low carbon development plan such as our commitment to reduce Greenhouse Gas (GHG) Emission by 30% in 2030–which has now reached 26%–and become net-zero by 2050.
During the event, JIC had the honor of presenting the Closing Remarks, delivered by its Head, Ms. Tona Hutauruk. This presentation provided insights into Jakarta's efforts to support Indonesia's carbon emissions reduction goals and showcased the city's dedication to sustainability.
UCFS Indonesia commenced with an Opening Address by Mr. Gigih Udi Atmo, Director of Energy Conservation at the Ministry of Energy and Mineral Resources of the Republic of Indonesia. Additionally, Mr. Dharsono Hartono, ASEAN BAC Net Zero Hub and Carbon Centre of Excellence Program Leader, delivered the Opening Keynote.
The event continued with panel discussions featuring esteemed speakers from diverse professional backgrounds, including the Asian Development Bank, APRIL Group, Indonesia Infrastructure Finance, and Pollination.