Jakarta, Indonesia, 29–30 September 2025 – Bridging Indonesia’s climate finance gap — estimated at IDR 3,461 trillion by 2030 — requires more than public funds. It demands large-scale private sector investment and innovative financing models. To accelerate this agenda, the Ministry of Finance, together with the Global Green Growth Institute (GGGI) and supported by the Green Climate Fund (GCF), convened the Indonesia Climate Finance Dialogue 2025 on 29–30 September in Jakarta. 

The Dialogue brought together government agencies, private sector actors, civil society, and development partners to mobilize private investment for climate solutions. The event highlighted investable projects using blended, transition, and carbon finance, and encouraged stronger collaboration to meet Indonesia’s climate targets. 

Bold Steps Toward Net Zero Emission 

Masyita Crystallin, Director General of Financial Sector Stability and Development at the Ministry of Finance, who also serves as the National Designated Authority (NDA) to the GCF, emphasized that Indonesia has chosen a bold path — to pursue high economic growth while remaining on track to achieve Net Zero Emissions by 2060 or earlier. She noted that climate action is not only about reducing emissions, but also about creating green jobs, ensuring food security, and providing reliable clean energy.  

Masyita Crystallin, Director General of Financial Sector Stability and Development, Ministry of Finance

“If we succeed,” she concluded, “climate finance will no longer be seen as a cost burden, but as the foundation for building a resilient, prosperous, and sustainable Indonesia.”

In support of this vision, Rowan Fraser, Country Representative for Indonesia at the Global Green Growth Institute, highlighted the importance of strong partnerships to turn ambition into action: 

“In Indonesia, the private sector can play a transformative role — from investing in renewable energy and sustainable agriculture to adopting innovative financing instruments. Through initiatives like this Dialogue, we facilitate collaboration between government, financial institutions, and businesses to overcome risks and unlock investment opportunities.” 

Rowan Fraser, Country Representative for Indonesia, Global Green Growth Institute

Tackling Barriers to Private Investment 

The first day focused on addressing key challenges such as policy uncertainty and perceived investment risks. Experts and stakeholders from the World Bank, PT Sarana Multi Infrastruktur, the Financial Services Authority (Otoritas Jasa Keuangan), the United Nations Environment Programme – Finance Initiative, and Bank Negara Indonesia discussed how to create an enabling environment through regulatory innovation, blended finance, and market mechanisms. 

 Participants also explored Climate Risk Impact Assessment (CRIA) tools to translate policy goals into actionable investments. Experts from the Indonesia Chamber of Commerce and Industry, PT Indonesia Infrastructure Finance, and East Ventures shared valuable insights on opportunities for private sector engagement in scaling up climate solutions. 

Showcasing Investable Projects 

On the second day, participants explored direct investment opportunities through the Green Climate Fund Project Showcase. The session featured a range of initiatives, including Climate Investor One and Two, which finance renewable energy infrastructure; the Programme for Energy Efficiency in Buildings (PEEB Cool), promoting energy-efficient and climate-resilient buildings in hot climates; the Green and Inclusive Action (GAIA) platform, supporting blended finance for climate adaptation and mitigation; Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia, offering lessons for replication across Southeast Asia; and the Green Fund, which invests in sustainable land use. Green Fund, which invests in sustainable land use.  

The event also featured a Climate Finance Clinic, where investors met directly with project proponents to explore potential partnerships and funding opportunities. 

Voices from Participants 

“As an accredited entity, Kemitraan, supported by the NDA Secretariat and GGGI, currently has several project pipelines moving toward full proposals. Attending this event was very insightful — there are many funding opportunities beyond the GCF that can support environmental and conservation projects,” said Suci Maisyarah, Kemitraan 

The Dialogue reaffirmed that private sector investment is key to achieving net-zero emissions by 2060. The Ministry of Finance and GGGI reiterated their commitment to unlock climate finance and support Indonesia’s climate ambitions.