press release

Taxonomy for Indonesian Sustainable Finance Opportunities and Gaps to Support Energy Transition Financing

Jakarta, May 17, 2024—The Financial Services Authority (OJK) has updated the sustainable finance market guidance from the Indonesian Green Taxonomy (THI) to the Indonesian Taxonomy for Sustainable Finance (TKBI) in February 2024. This taxonomy's objectives include attracting more sustainable finance to various sectors, including the energy sector, and achieving the net zero emission (NZE) target…

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Economic Transformation of Paser Regency Towards Renewable Energy: Adaptation and Sustainability Solution

Fabby Tumiwa, Direktur Eksekutif Institute for Essential Services Reform (IESR), Paser, May 8, 2024 -Indonesia is trying to reinforce its commitment to renewable energy development to achieve its net-zero emission targets by 2060 or even earlier. These efforts are part of the global initiative to tackle climate change and are expected to significantly impact the coal…

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Energy Transition Funding Needs for Affected Workers Reach Rp38.4 Trillion

Jakarta, April 30, 2024 - Energy transformation requires adequate financing to ensure a smooth and equitable process. The Institute for Essential Services Reform (IESR), a leading think tank on energy transition and environment based in Jakarta, disseminated a report titled "Identification of Financing Needs for an Equitable Transformation of Indonesia's Electricity Sector". The report, created…

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press release

IESR: Indonesia’s Second NDC Needs to Reflect Ambitious Emission Reduction Targets

Jakarta, April 25, 2024 - The Indonesian government, through the Ministry of Environment and Forestry (MoEF), is currently drafting the Second Nationally Determined Contribution (SNDC) document. In contrast to the Enhanced NDC document published in 2022, the emission reduction target in the SNDC document is no longer measured based on emission reductions from the base…

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Direktur Eksekutif Institute for Essential Services Reform (IESR), Fabby Tumiwa

Facing the Escalation of the Iran-Israel Conflict: Challenges and Solutions for Indonesia’s Energy Stability

Jakarta, April 24, 2024 - The escalation of the conflict between Iran and Israel has created tensions that could destabilize the global economy, including in Indonesia. The significant issues of concern are likely supply disruptions and an increase in oil prices, particularly since the Strait of Hormuz in Iran is a crucial trade route for…

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