The initiative focuses on four key areas: green energy, sustainable land and ecosystem management, financial markets, and green industries

Officials pose for a photo in Jakarta after the Indonesian government and the Global Green Growth Institute officially launched the Green Indonesia Future Initiative (GIFT) on Friday, World Environment Day. [GGGI]
Officials pose for a photo in Jakarta after the Indonesian government and the Global Green Growth Institute officially launched the Green Indonesia Future Initiative (GIFT) on Friday, World Environment Day. [GGGI]

The Indonesian government and the Global Green Growth Institute (GGGI) officially launched the Green Indonesia Future Initiative (GIFT) on Friday, marking World Environment Day.

GIFT is a large-scale cooperation program designed to accelerate Indonesia's green economic transition. It integrates three pillars — policy strengthening, project development and investment attraction — to solidify the strategic partnership between Indonesia and GGGI.

Alongside this, the initiative aims to attract $2 billion (about 2.7 trillion won) in green investment by 2030.

To close investment gaps, GIFT will develop bankable public-private partnership projects centered on four key areas: green energy, sustainable land and ecosystem management (covering both land and marine environments), investment and financial markets, and urban and green industries.

Through this approach, the initiative plans to fundamentally strengthen the financial ecosystem by maximizing the participation of private capital and international partners while reducing investment risk.

GGGI Director-General Kim Sang-hyup said GIFT represents "a pioneering approach to Indonesia's green transition, where policy, investment and implementation come together to deliver measurable and sustainable outcomes." He added that it is the product of a strong partnership built over 12 years between the Indonesian government and GGGI, during which GGGI has attracted $800 million in green investment and expanded its reach to cover 47 percent of Indonesia.

Rachmat Pambudy, minister of Indonesia's National Development Planning Agency (Bappenas), said Indonesia would transform its natural resources into investment, jobs and productivity through the green transition. "The green economy has moved beyond a simple environmental agenda to become a core development agenda that determines national competitiveness," he said. "GIFT will serve as a dynamic bridge, turning vision into action and ambition into tangible results."


thlee@heraldcorp.com