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1、 2022 International Institute for Sustainable DevelopmentACHIEVING A FOSSIL-FREE RECOVERY IN INDONESIA Brief #3Using Public Funding to Attract Private Investment in Renewable Energy in IndonesiaMurtiani Hendriwardani, Anna Geddes, Theresia Betty Sumarno, Laura Hohenberger1February 2022Executive Summ
2、aryIndonesia faces a very important year ahead in terms of economic recovery and energy transition. In economic terms, despite regaining a positive GDP growth in 2021, Indonesias budget deficit is still very high compared to pre-COVID-19. In terms of the energy transition, the time left to prepare t
3、o meet the countrys new and renewable energy target of 23% by 2025 is shortening. In addition, in 2022 Indonesia will hold the presidency of the G20which in its latest communiqu emphasized the importance of supporting sustainable recovery and energy transition strategies to align with the Paris Agre
4、ement, as well as the importance of mobilizing international public and private finance to support green, inclusive, and sustainable energy development (G20, 2021). As the next G20 president, Indonesia has an important role to play in ensuring that the objectives of sustainable recovery and clean en
5、ergy transition are achieved. Sustainable energy transition is a priority issue for the Indonesia G20 presidency (Bloomberg, 2021; Ministry of Communication and Informatics, 2021), and Indonesia recognizes the need for public and private financing to accelerate the development of renewable energy an
6、d the transition away from fossil fuels (26th Conference of the Parties COP 26 to the United Nations Framework Convention on Climate Change UNFCCC, 2021; Global Energy Alliance for People and Planet GEAPP, 2021a). This transition is also key to Indonesias ability to meet its renewable energy and net