Technology And Innovation In The Financial Sector Are The Key To Creating A Green Economy Ecosystem

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Coordinating Ministry for Economic Affairs claims to be making every effort to accelerate development progress and support the increase in renewable energy.

Coordinating Minister for Economic Affairs Airlangga Hartarto said that in line with this intention, the government always prioritizes low-carbon development in the Medium-Term Development Plan.

"Technological change in the field of entrepreneurship and innovation in the financial sector is seen as the key to changing the development path to a green economy," he said as quoted by the official website, Thursday, June 24.

According to Airlangga, Indonesia has significantly reformed the investment climate by passing the Job Creation Law. In addition to providing more convenience for investors and development partners, this regulation also regulates development that takes into account the environment.

In addition, to coincide with the 2022 G20 Indonesia Presidency, the government plans to launch a center of excellence in technology or the Center of Future Knowledge.

It is mentioned that this technology center is a platform for innovation and knowledge transfer with global collaboration. The government invites the private sector to support technological innovation because through entrepreneurship the private sector can make the big changes needed.

"The technology center will focus on the role of technology transfer, research and development by private investment with leading global academics and research in realizing a sustainable future in Indonesia," he said.

It is also said that the government will establish a Global Blended Finance Institute multilaterally in Bali. Meanwhile, the Global Blended Finance Institute will play a role in attracting funding to develop high-quality decarbonization projects.

“This forum has quite an important value. I welcome and also thank all parties who support the implementation of this forum," Airlangga concluded.