Attending G20, European Investment Bank Offers Unlimited Funding For Indonesia's Climate Change Project

JAKARTA - The European Investment Bank (EIB) also participated in the agenda of the G20 meeting in Jakarta this week. It is stated that international financial institutions exist to be able to contribute to the economic development of world countries.

Especially for Indonesia, EIB offers funding for several strategic sectors, especially those related to climate change issues.

“The issue of climate change is a very broad sector. Here we are talking about projects that help reduce carbon dioxide emissions. For example, there are renewable energy projects and urban transformation that emphasize the development of mass transportation. Through the development of mass transportation, this will help reduce the use of private vehicles which in turn reduces carbon dioxide production", said Head of the EIB Jakarta Regional Office for Southeast Asia and the Pacific, Sunita Lukkhoo, through the official G20 channel Friday, February 18.

According to Lukkhoo, her party fully supports the various initiatives carried out by the Indonesian government to help create a green environment.

"We will fund what projects I will fund for projects that meet the requirements as described previously", she said.

For example, Lukkhoo explained that her party poured a large number of funds for China in its actions to reforest forest areas.

“The forestry sector is also one of the eligible sectors for climate action. Here we have lent billions of dollars to China to reduce deforestation which can provide environmental protection”, she said.

Furthermore, Lukkhoo said that EIB views Indonesia as a strategic partner to be able to realize the spirit of climate action. In fact, she did not hesitate to state her full commitment in terms of funding.

“We see a lot of potential and priorities of the Indonesian government are really in line with what the EIB is doing. We have various facilities for Indonesia. Moreover, Indonesia is a country with a good investment climate and can include these risks in funding", she said.

“I would like to say that this fund has no limit, although I believe there is a limit to everything. For sure we want to see our projects bring changes to people's lives, such as social inclusion, gender equality, and others”, concluded Lukkhoo.