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Published in:
2015 | OriginalPaper | Chapter
The Green Transformation in Indonesia
Authors : Ulrich Volz, Judith Böhnke, Vanessa Eidt, Laura Knierim, Katharina Richert, Greta-Maria Roeber
Published in: Financing the Green Transformation
Publisher: Palgrave Macmillan UK
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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.