A CELIOS study highlights the severe environmental impact of the food estate project in Merauke, Indonesia, with up to 2 million hectares of deforestation potentially emitting 782.45 million tons of CO₂, costing Rp47.73 trillion (US$3.007 billion). This deforestation could double Indonesia’s global carbon contribution from 2-3% to 3.96-4.96%, delaying its Net Zero Emission goal by 5-10 years. The project undermines climate goals, harms indigenous Papuans, and accelerates global warming. CELIOS urges a halt to the project and recommends sustainable, community-based economic models to reduce emissions, protect biodiversity, and enhance Indonesia’s global climate commitment.
Schneider Electric advances AI-ready data centers with NVIDIA, featuring liquid cooling for high-capacity workloads and the compact Galaxy VXL UPS. Focused on efficiency, renewable energy, and AI-driven insights, it aims to cut emissions and drive sustainability.
Indonesia and Norway have launched the fourth phase of their result-based contribution (RBC) partnership, with Norway committing $60 million (Rp952 billion) for Indonesia’s verified emission reductions in 2019-2020. This initiative supports Indonesia’s deforestation reduction and climate mitigation efforts under the Paris Agreement. Norway has contributed $216 million overall through the RBC scheme, recognizing Indonesia’s forest conservation progress. Indonesia aims to cut emissions by 31.89% by 2030 (up to 43.2% with international aid) and achieve FOLU Net Sink 2030, ensuring carbon absorption exceeds emissions. Both nations view the partnership as a model for global climate collaboration.
Indonesia’s 3M homes program attracts Qatar & UAE investors for 1M homes yearly. Key challenges—land, licensing, financing—are being addressed via a planned housing law. BP Tapera managed Rp8.12T by 2022, signaling strong investment potential to boost housing & economy.
Jatam demands action against Juanda Lesmana Lauw, owner of PT KPUC, for polluting Malinau River in North Kalimantan, disrupting water supplies to 14 villages after a 2021 dam collapse. Linked to political figures, Juanda leads the Mentarang Dam project, threatening displacement in 11 villages. Jatam highlights environmental and social risks, urging accountability.
PT Chandra Asri Pacific (TPIA) has signed an EPC contract with PT IKPT to expand its Butene-1 (B1) and MTBE plants by 25% in Banten, strengthening its position as Indonesia’s only producer of these chemicals. The 12-month project supports local industry, reduces imports, and contributes to national economic growth.
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.
