Regional investment in Indonesia’s green recovery will gain a huge boost over the next twelve months with a doubling of available investment funds.
The Jakarta Post has some interesting details on how much extra investment that will mean.
“The Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery. The Manila-based lender usually committed US$1 billion to $2 billion each year for Indonesia, mostly in infrastructure projects, particularly those related to energy.”
What is particularly interesting is that the ADB has highlighted that it recommends more of those investment funds to be used for Indonesia’s green recovery.
The country is home to several large-scale green energy projects, and geothermal energy production is one area the ADB has been supporting most.
This included a recent loan approval of $300 million for one of Indonesia’s largest green energy plants.
Some of the funds also flow into infrastructure projects, and it will be interesting to see how much investment will flow into electrifying the public transport system.
This could make a huge difference in the country’s carbon footprint, especially with more electricity coming from renewable sources.
