Green Infrastructure Investment Opportunities INDONESIA UPDATE REPORT

This update report by the Climate Bonds Initiative examines the growth of green financial products and the role of blended finance in supporting green infrastructure investment in Indonesia.

• Indonesia has developed a green bond market valued at nearly USD 3 billion, featuring five issuers. This includes a USD 1.25 billion sovereign green sukuk, which was the first of its kind in the region and the fifth globally, and a USD 580 million deal by Star Energy Geothermal for the Wayang Windu plant.
• The Indonesian government is actively promoting blended finance to attract private capital and accelerate sustainable projects. Key initiatives include the October 2018 Tri Hita Karana Roadmap for Blended Finance and the September 2019 launch of the Blended Finance and Innovation Institute, intended to serve as a global accelerator and ASEAN hub for achieving Sustainable Development Goals (SDGs).
• Development Finance Institutions (DFIs) support Indonesian green infrastructure through credit enhancements, blended-finance instruments, and the issuance of green bonds, such as the IFC's Green Komodo Bonds. Support is channeled through entities like the I IGF, ASEAN Infrastructure Fund, and the AMUNDI Planet Emerging Green One (EGO) Investment Fund.
• To mitigate the risk of deforestation associated with economic growth, Indonesian regulation requires an Environmental Impact Assessment (AMDAL) for projects overlapping with protected areas, including national parks and forest areas. CICERO specifically noted the necessity for the sovereign green sukuk issuer to avoid deforestation projects.

APA

Climate Bonds Initiative (n.d.). Green Infrastructure Investment Opportunities INDONESIA UPDATE REPORT. https://www.climatebonds.net/files/documents/publications/Green-Infrastructure-Investment-Opportunities-Indonesia-Update-Report.pdf

Chicago

Climate Bonds Initiative. Green Infrastructure Investment Opportunities INDONESIA UPDATE REPORT. n.d. https://www.climatebonds.net/files/documents/publications/Green-Infrastructure-Investment-Opportunities-Indonesia-Update-Report.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Infrastructure Investment Opportunities INDONESIA UPDATE REPORT |url=https://www.climatebonds.net/files/documents/publications/Green-Infrastructure-Investment-Opportunities-Indonesia-Update-Report.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiativendgreen, author = {{Climate Bonds Initiative}}, title = {{Green Infrastructure Investment Opportunities INDONESIA UPDATE REPORT}}, institution = {Climate Bonds Initiative}, url = {https://www.climatebonds.net/files/documents/publications/Green-Infrastructure-Investment-Opportunities-Indonesia-Update-Report.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }