Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States

Project Dates: April 2024 - April 2034
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Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States
PROJECT OBJECTIVE

To enhance Indonesia's capacity for low-carbon development by improving energy efficiency and conservation in the industrial sector through innovative financing mechanisms and supportive regulatory frameworks.

PROJECT DESCRIPTION

This program addresses persistent barriers to energy efficiency in Indonesia's industrial sector by offering a comprehensive package of solutions. These include financial de-risking mechanisms, exploration of new energy service business models, development of supportive regulatory frameworks, and technical assistance. The initiative aims to promote energy-efficient technologies and practices, thereby reducing greenhouse gas emissions and fostering sustainable industrial growth.


SECTORS OR AREAS OF WORK
  1. Climate finance

Region/Location

BUDGET

USD 247,700,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. The Korea Development Bank 
  2. GCF - Green Climate Fund
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. Government of Indonesia
ADDITIONAL INFORMATION

https//www.greenclimate.fund/project/fp196


BUDGET

USD 247,700,000

DONORS (OR FUNDING /CONTRIBUTING ORGANIZATIONS)
  1. The Korea Development Bank 
  2. GCF - Green Climate Fund
IMPLEMENTING AGENCY OR AGENCIES

SUPPORT TYPE
GOVERNMENT PARTNER
  1. Government of Indonesia