Indonesia Positions P4G as Delivery Mechanism for Impact at Pre-event to the 2021 P4G Seoul Summit
About
“P4G plays a strategic role by bringing all stakeholders together to deliver results for the Paris Climate Agreement and the SDGs in five key areas: food and agriculture, water, energy, cities and circular economy.” With those remarks Suharso Monoarfa, Minister of National Development Planning (BAPPENAS), Indonesia, kicked off a substantive discussion at a P4G Pre-Summit event focused on accelerating innovative P4G partnerships to achieve Indonesia’s national development and climate ambitions.
The stakes are high for Indonesia. It’s looking at kickstarting a post pandemic economic revival rooted in sustainable principles while juggling a growing population exerting increasing demands on the country’s natural resources.
By highlighting innovative business and finance models like the Getting to Zero Coalition, Women’s Livelihood Bond, Siklus and FLAWLESS, the event showed the alignment of P4G’s partnerships and portfolios with Indonesia’s key national priorities such as a renewable energy transition, plastic waste management, and reducing food loss and waste.
Speakers like Dr. Yahya Rachmana Hidayat, Director for Energy, Resources, Mineral and Mining, Bappenas, shared that for Indonesia to meet its Sustainable Development Goals by 2030 it needed to mobilize US $96 – $325 billion over the next 10 years from non-government stakeholders. Shinta Kamdani, CEO of Sintesa Group and private sector co-chair of the P4G Indonesia National Platform also reinforced the need for investment to help Indonesia meet its renewable energy needs and ambitious climate emissions targets.
Both speakers acknowledged the value of P4G’s approach of mobilizing investments into partnerships and portfolios and the role the platform plays to help Indonesia achieve it green growth goals. This was also echoed by Sylvi Gani, Director of Financing and Investment at Indonesia’s infrastructure investment company PT Sarana Multi Infrastruktur (SMI), who shared the benefits of a collaboration behind an institution like SMI and P4G to provide catalytic capital to models of change for infrastructure development.
The webinar featured ministers from Denmark and South Korea and was a strong illustration of how global cooperation driving multistakeholder partnerships were a pathway to a more inclusive and resilient future. From energy islands in Denmark to Korea’s leadership in electric batteries for an e-mobility transition and Indonesia’s ambitious plan to scale renewable energy development and build an electric vehicle value chain, there exists an opportunity for countries to scale and replicate transformative systems of change through the P4G ecosystem of countries and diverse stakeholders like the private sector, investors and civil society.
P4G was well represented by Global Director Ian de Cruz and Asia Regional Manager, Randy Rakhmadi, both of whom emphasized the distinguishing role of P4G as a global delivery mechanism for impact that delivers solutions on the ground by leveraging the best of partnerships and portfolios, and scaling and replicating them in developing countries.
On May 30 – 31 this year at the 2021 P4G Seoul Summit, P4G’s action-oriented alliance will gather to accelerate partnerships and portfolios that can deliver the tangible impact needed on the ground to realize global ambitions. As the Summit host, representatives from the Republic of Korea shared their commitment to bring global solidarity and strengthen cooperation. As Yeonchul Yoo, Ambassador for Climate Change, Republic of Korea and P4G Board Member succinctly framed it, “Multilateral efforts are essential and the only way out.”
Almost 1000 participants attended the event which featured a range of distinguished speakers including
Jeoung Ae Han (Minister of Environment, Republic of Korea), Cherie Nursalim (P4G Board member and Vice Chairman Giti Group), Durreen Shahnaz (CEO Impact Investment Exchange), Kasper Søgaard (Head of Research, Global Maritime Forum), Ardi Stoios-Braken (Deputy Ambassador, Kingdom of Netherlands to Indonesia), Byung-ki Cheong (President, Green Technology Center), Sylvi Gani (Director of Financing and Investment, SMI), Tri Mumpuni (P4G National Platform Co-chair and Director IBEKA), Dr. Arifin Rudiyanto (Deputy Minister for Maritime and Natural Resources Affairs), Lars Bo Larsen (Ambassador of Denmark to Indonesia), Tae-sung Park (Ambassador of the Republic of Korea to Indonesia).
Lea Wermelin, Minister of Environment, Denmark, captured the spirit of hope and determination expressed by all the speakers through her remarks, “The Corona pandemic has changed the world, but it hasn’t changed our ambitions, it hasn’t made us question our motivation or stopped our green momentum.”
The Pre-Summit event was hosted by Bappenas, the Embassies of the Republic of Korea and Denmark in Indonesia, the Center for Southeast Asian Studies and P4G. The 2021 P4G Seoul Summit will be held May 30-31, 2021.
Watch the full discussion here: http://ow.ly/EFnQ50DHtsU