This ESG Intelligence report details the country’s growing role in the global ESG ecosystem, with a focus on topics such as national progress towards renewable energy goals
Rising oil prices throw Indonesia’s energy subsidies into question
Indonesia has subsidised its energy sector for years. This includes fuel, gas and electricity. In 2014, the government spent 19.2 per cent of its budget on subsidies to ensure ‘affordable’ energy prices
GoTo’s strong performance indicates the strength of Indonesia’s digital economy, which is home to eight other tech unicorns. The company is the second unicorn listed on the Indonesian Stock Exchange.
Indonesia signs $8.1 billion defense deal with France to buy 42 Rafale jets
The agreement to obtain the first six Rafale aircraft was signed in a meeting between Indonesia’s Defense Minister Prabowo Subianto and France’s Armed Forces Minister Florence Parly during her visit to Jakarta.
After a strong first half of the year, in which many countries recorded double-digit year-on-year growth, the spread of the Delta variant in the third quarter led to the implementation of lockdowns and travel restrictions across the region.
The push for carbon neutrality and improved environmental sustainability places a unique set of pressures on emerging markets. The essential question is: how can such economies fulfil their economic potential while at the same time striving for net zero?
In a year in which significant political efforts have been made to speed up the energy transition, 2021 has also been record-breaking for green finance, as governments, international institutions and lenders alike seek to support the shift towards renewables.
