27 Feb 2020 | High-level Meeting for Green Investment in Papua and West Papua Forestry, Sorong, West Papua, Indonesia

A High Level Meeting on Green Investment for Papua and West Papua was held on 27 February 2020 attended by local and national government representatives of Indonesia and private sector executives with focus on the potential for green investment to bring revenue of up to USD 200 million and create livelihoods for 60,000 families across both provinces, while following the principles of inclusive and sustainable development.

Luhut Pandjaitan, Coordinating Minister for Maritime Affairs and Investment said, “Indonesia is the ‘natural capital superpower of the world’, where loss of irrecoverable carbon in these natural resources, especially peatlands, mangroves and intact tropical forests would represent a permanent debit on the remaining global carbon budget.” He said that he was “very excited to share the Government’s plan for the development of a ‘natural capital and green investment economy’ that will place Indonesia on the path to a sustainable future in line with President Jokowi’s vision to spur economic growth that is socially and environmentally inclusive.”

The shared efforts will build on Indonesia’s One Map initiative and draw on lessons from other countries, including China’s Ecological Conservation Redline. The work is aligned with the values of the Tri Hita Karana Forum, which supports the Government of Indonesia to attract blended finance and to achieve a sustainable development path prioritizing natural capital, carbon and community.

President of UID Foundation, Tuti Hadiputranto said, “At UID and the THK Forum we stand ready to support the Government of Indonesia’s initiative to access the global carbon market and utilize Indonesia’s natural wealth to support sustainable economic development while at the same time contributing to Indonesia’s and the world’s targets for reduction of carbon emissions.”

“We will work closely with our partners aligning stakeholders like ICC, UN SDSN, WB, WEF, IDH, WRI, GEF OECD et al around this shared ambition for a super nature economy. We welcome Conservation International, WCS collaboration with private sector. Such as a new fund called “UnCarbon”. The funds generated by the fund will go towards forest conservation and land rehabilitation in Indonesia and region. Sustainable fisheries is another system solution through the Blue Halo S program.”

(Article taken from news article, 2020 March 3, https://www.idhsustainabletrade.com/news/business-and-government-leaders-meet-as-papua-and-west-papua-is-at-brink-of-major-green-investment/)