Mengkaji Investasi Iklim Jakarta

The report finds that Jakarta's climate finance from 2015-2019 was dominated by public funding, totaling USD 44.9 billion across 37 projects, with 83% of this amount committed to the controversial Giant Sea Wall project. Despite having the highest fiscal capacity in Indonesia, Jakarta's environmental spending remained low at 8.6% of its budget in 2017-2018, and private sector investment accounted for only 2% of total climate funding. The document recommends better alignment between Jakarta, the central government, and satellite cities, the implementation of climate budget tagging, and the use of innovative financial instruments like municipal green bonds to mobilize private capital, especially in anticipation of the capital city's relocation.

• Total tracked urban climate funding commitments in Jakarta from 2015 to 2019 amounted to USD 44.9 billion (approximately Rp 652.4 trillion) across 37 projects, with the vast majority allocated to infrastructure.
• The Giant Sea Wall (Tanggul Laut Raksasa) project represents a significant anomaly in the data, accounting for 83% (USD 41.2 billion) of total commitments, although it was halted in 2017 due to controversy and lack of adequate environmental and social safeguards.
• Public funding dominates Jakarta's climate landscape, with 57% of capital expenditure for climate infrastructure projects funded by the central government. This reflects the city's status as the national capital and a strategic priority for Indonesia's Nationally Determined Contributions (NDC).
• Private sector investment is severely underutilized, contributing only 2% (USD 925 million) of total climate funding between 2015 and 2019, with 89% of that amount utilizing balance sheet debt.
• Despite having the highest fiscal capacity in Indonesia (score of 6.2), Jakarta's budget allocation for environmental issues was limited to 8.6% of total expenditure in 2017 and 2018.
• Jakarta has not accessed loans from financial institutions, including multilateral development banks, between 2017 and 2018, indicating significant untapped room to leverage its fiscal capacity to attract private investment.
• There is a lack of alignment in climate priorities between Jakarta and its satellite cities (Bogor, Depok, Tangerang, and Bekasi), which is critical for managing cross-border issues like river flooding and waste management.

APA

Mafira, T., Larasati, L., Mecca, B., Haesra, A., & Meatlle, C. (2021). Mengkaji Investasi Iklim Jakarta. Climate Policy Initiative. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/Assessing-Jakartas-Climate-Investments-Bahasa-Indonesian-1.pdf

Chicago

Mafira, Tiza, Luthfyana Larasati, Brurce Mecca, Alke Haesra, and Chavi Meatlle. Mengkaji Investasi Iklim Jakarta. Climate Policy Initiative, 2021. https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/Assessing-Jakartas-Climate-Investments-Bahasa-Indonesian-1.pdf.

Wikipedia

{{cite report |last1=Mafira |first1=Tiza |last2=Larasati |first2=Luthfyana |last3=Mecca |first3=Brurce |last4=Haesra |first4=Alke |last5=Meatlle |first5=Chavi |title=Mengkaji Investasi Iklim Jakarta |publisher=Climate Policy Initiative |date=November 2021 |url=https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/Assessing-Jakartas-Climate-Investments-Bahasa-Indonesian-1.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{mafira2021mengkaji, author = {Mafira, Tiza and Larasati, Luthfyana and Mecca, Brurce and Haesra, Alke and Meatlle, Chavi}, title = {{Mengkaji Investasi Iklim Jakarta}}, institution = {Climate Policy Initiative}, year = {2021}, month = nov, url = {https://www.climatepolicyinitiative.org/wp-content/uploads/2021/11/Assessing-Jakartas-Climate-Investments-Bahasa-Indonesian-1.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }