The Green Transformation in Indonesia
The Indonesian economy has recorded solid growth over the last decade, with an average annual growth rate of gross domestic product (GDP) of 5.4% for the period 2000–2013. Yet growth has followed a very carbon-intensive path. This chapter discusses the need for a green transformation of the Indonesian economy to put it on a sustainable pathway and investigates which of the challenges discussed in the previous chapter apply in the Indonesian context. After briefly reviewing why a green transformation is needed, it outlines Indonesia’s environmental policy goals which pave the way towards a green transformation. Finally, it delineates the necessary action to achieve these goals and discusses the relevance of and potential for green finance in Indonesia.
KeywordsGross Domestic Product Emission Reduction Electricity Price Industry Sector Peat Land
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