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Following the Multistakeholder Action Plan that was launch on 22 April by Indonesia NPAP, a diverse community of plastic pollution action leaders across Indonesia’s public, private and civil society sectors gathered via virtual conference to launch “Financing System Change to Radically Reduce Plastic Pollution in Indonesia: A Financing Roadmap Developed by the Indonesia National Plastic Action Partnership” briefing paper.
The roadmap was developed by the Financing Task Force of Indonesia NPAP, which is co-chaired by the Fiscal Policy Agency – Ministry of Finance and Asian Development Bank, in collaboration with the Government of Canada, Government of United Kingdom, Government of Denmark, McKinsey.org, PT. Sarana Multi Infrastruktur (PT. SMI), AFD, Partnership for Green Growth and the Global Goals 2030 (P4G), SYSTEMIQ, Amartha, Minderoo Foundation, Enviu/Zero Waste Living Lab, Platform for Accelerating the Circular Economy (PACE), KfW, Alliance to End Plastic Waste, Circulate Capital, Indonesia Plastic Recycling Association (Asosiasi Daur Ulang Plastik Indonesia /ADUPI), and Climate Works Foundation.
The roadmap explains the recommendations on mobilizing financing and unlocking the gaps to meet the marine plastic waste reduction target: around $18 billion in capital investments between 2017 and 2040 and an estimated $1 billion per year increase in operational financing for solid waste management systems by 2040.“We are delighted to present this roadmap, which was truly a best-in-class example of government, business, civil society and innovators bringing our expertise and resources together to craft sustainable solutions that will serve Indonesia’s people and environment,” said Sri Indrastuti Hadiputranto, the Chairwoman of Indonesia NPAP and President of United in Diversity Foundation.
(Excerpt from Press Release “Indonesia National Plastic Action Partnership (NPAP) Reveals Recommendations to Unlock Financing Gaps to Cut Marine Plastic Debris by 70 percent” 27 November 2020 https://globalplasticaction.org/pressrelease/indonesia-national-plastic-action-partnership-npap-reveals-recommendations-to-unlock-financing-gaps-to-cut-marine-plastic-debris-by-70-percent/ )
