The Deputy Minister Of Finance Invites All Parties To Increase Environmental Care Activities And Reduce Carbon Emissions

Deputy Minister of Finance (Wamenkeu) RI Suahasil Nazara. (Photo: Doc. Antara)

JAKARTA - Deputy Minister of Finance (Wamenkeu) Suahasil Nazara invites all parties to increase environmental care activities and reduce carbon emissions.

"We can care for the earth to reduce activities that reflect greater carbon emissions and try to improve things that can create lower emission carbon," said Suahasil in a speech from the Ministry of Finance Cares for Earth in Jakarta, quoted from Antara, Monday, October 16.

Deputy Minister of Finance Suahasil hopes that the presence of all offices under the Ministry of Finance throughout Indonesia and the behavior of its employees can be an inspiration and pioneer of low-carbon activity and environmental care such as managing waste, maintaining environmental cleanliness, cleaning beaches, processing water waste, and making the area greener.

"We don't just see the Ministry of Finance itself, our building is neat on its own, the park is good, the garbage is self-organized or other activities that we are proud of, but we are also distributing this to all neighborhoods around our offices throughout Indonesia," he said.

He also invited employees in all offices under the Ministry of Finance to raise ideas and inspire environmental awareness and be able to work with environmental activists to disseminate good practices to preserve and clean the environment.

"I want to ask that all our offices throughout Indonesia, including at the head office, become an inspiration for the surrounding environment from taking care of waste, from the matter of making the garden green, from the behavior of all our staff regarding concern for the environment," he said.

Previously, Minister of Finance (Menkeu) Sri Mulyani Indrawati said financing innovation was an important key to realizing sustainable and environmentally friendly development. Various fiscal policies including tax incentives also act as catalytic instruments to encourage the attractiveness of green investment in the field of energy efficiency.

"Through fiscal incentives and innovation of financing instruments, we have the power to pave the way for sustainable change," he said.

The Indonesian government continues to use the APBN to support various projects related to the issue of climate change. A number of efforts have been made, among others, through the signing of the Climate Change Budget Tagging (CBT) and the launch of green sukuk, green bonds, blue bonds, and SDG bonds.

Indonesia is committed to fighting with the world to overcome climate change. Indonesia's commitment is contained in the Nationally Determined Contribution (NDC) to reduce the emission target from 29 percent to 31.89 percent with its own efforts, and from 41 percent to 43.20 percent with international assistance by 2030.

The Enhanced NDC is aligned with the Low Long-Term Carbon and Climate Resilience Strategy 2050 and the vision to achieve net zero emissions by 2060.

Meanwhile, Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar said that until the end of 2022, the OJK noted that green bonds that had been published in the domestic market had reached IDR 15.4 trillion.

Meanwhile, in the framework of blended finance, the SDG Indonesia One platform has collected commitments to funding and other facilities worth US$3.26 billion at the end of March 2023 which involves the participation of a number of banking institutions.

Loans with a total value of IDR 728.9 trillion have also been disbursed as green financing, worth IDR 1.28 trillion for electric vehicle financing, and IDR 28.9 trillion to finance projects related to new and renewable energy (EBT).