Speaking at the ASEAN Finance Ministers and Central Bank Governors Meeting (AFMGM) in Jakarta on Tuesday (23/08/23), Indonesia’s Finance Minister, Sri Mulyani Indrawati said that “we need USD 200-billion over the next 10-years to meet our investment needs in the sustainable development sector,” according to reporting from Antara News.
She emphasized that innovative and environmentally friendly development financing is important to transform the country’s economy.
This has compelled the government to work diligently to utilize several financing options to support sustainable development projects, Indrawati said adding that her ministry has implemented a number of programs to achieve sustainability, including offering fiscal incentives to attract investment in green projects and green industries, say Antara News.
The ministry has also provided incentives in the form of tax holidays and tax allowances.
She said that Indonesia is in the process of implementing regulations on carbon trading, which can serve as an instrument to reduce greenhouse gas emissions.
Antara News say that Indrawati also highlighted the importance of collaboration to increase innovation in housing and building construction to achieve energy efficiency, including limiting energy consumption while still paying attention to the need for cooling and ventilation.
She said that these steps are necessary to move toward energy-efficient housing and have been included in sustainable development projects.
“We are pleased to hear about the 1-million houses program launched by the Public Works and Public Housing (PUPR) Ministry with the green housing concept,” she added.
Indrawati urged all stakeholders to collaborate in efforts to encourage sustainable development, for example, through a policy framework that can develop rules and instruments to realize green housing finance in Indonesia.
Source: Antara News
Stock image by Sebastiaan ter Burg on Wikimedia Creative Commons
