Indonesia’s strategy in navigating the great powers rivalry to mobilize transition financing: A study of G7’s partnership for global infrastructure and investment

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Indonesia’s strategy in navigating the great powers rivalry to mobilize transition financing: A study of G7’s partnership for global infrastructure and investment

Amelina Fauzan Lestari Putri - Nama Orang;

Transition finance refers to financial services supporting the whole-of-economy transition, in the context of the Sustainable Development Goals (SDGs), towards lower and net-zero emissions and climate resilience, in a way aligned with the goals of the Paris Agreement. Indonesia has committed to contribute to the global efforts to mitigate climate change. The country is targeting to achieve Net-Zero Emission by 2060 by reducing its greenhouse as emissions and increasing the share of renewable energy in its energy mix.

The PGII is a key initiative launched by the G7 in 2022 aimed at promoting infrastructure development in low- and middle-income countries to encourage economic growth, job creation, and sustainable development. This initiative has been seen as a potential counter to the Belt and Road Initiatives (BRI) launched by the People’s Republic of China (PRC) in 2013.

Between the intense rivalry, the following question is how should Indonesia navigate to mobilize transition financing into Indonesia’s energy sector? Rather than seeing the PGII and the BRI as competing strategies, Indonesia should regard them as complementary and participate in both initiatives. Indonesia should utilize its ‘free and active’ foreign policy and non-aligned position to gain the best interests.

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2023-0091 Sekdilu 43-2023 Training Materials Repository Tersedia

Informasi Detail

Judul Seri: -
No. Panggil: Sekdilu 43-2023
Penerbit: Jakarta : Kementerian Luar Negeri., 2023
Deskripsi Fisik: -
Bahasa: English
ISBN/ISSN: -
Klasifikasi: NONE
Tipe Isi: text
Tipe Media: computer
Tipe Pembawa: online resource
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Subjek: -
Info Detail Spesifik: -
Pernyataan Tanggungjawab: UPT Sekolah Dinas Luar Negeri

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