France, Indonesia Partners in Low-Carbon Transition Study

TEMPO.CO, Jakarta - Mr. Jean-Pierre Marcelli, AFD Regional Director for Southeast Asia, the Coordinating Ministry for Maritime Affairs and Investment (CMMAI) and the French Development Agency (AFD), and Deputy Coordinating Minister for Forestry and Environmental Management, Mrs. Nani Hendiarti, signed a partnership for the implementation of a low-carbon transition study for Indonesia on Friday, September 9, 2022.

"By supporting Indonesian policymakers and regulators to be proactive in integrating climate transition risk into policymaking, this project will directly contribute to a reduction in the cost of achieving Indonesia's net zero target," Macerlli stated as quoted in a press release issued by CMMAI on Monday, September 19, 2022.

The study will be aimed at analyzing risks and opportunities associated with Indonesia's transition to a low-carbon economy, and the development of methodologies and scenarios of transition-related risks in various major sectors of the Indonesian economy. It also serves to support the Indonesian government in developing strategies and means to identify and manage climate-related financial risks.

"We expect that the study's findings will be beneficial to all stakeholders and input for Indonesia to meet its goal of having Net Zero Emission by 2060. We need to expedite the implementation of the MoU and thus can be recognized in the G20 Presidency and COP 27," said Nani as quoted from the press release.

This partnership reflects the commitment to continue supporting Indonesia on the way toward low-carbon development. It also aims to go beyond financing by strengthening cooperation between CMMAI, AFD, and the implementing agencies supporting the project.

The Agence Francaise de Developpement (AFD) Group implements France’s policy on international development and solidarity. Through its financing of public and private sectors, civil society, as well as its research and publications, AFD supports and accelerates transitions towards a fairer, more resilient world. It also provides training in sustainable development (at AFD Campus) and other awareness-raising activities in France.

MAHINDA ARKYASA

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