Minister for Infrastructure and Regional Development, Agus Harimurti Yudhoyono (AHY), has called for the creation of a dedicated climate-resilient housing finance mechanism and stronger cross-country collaboration to build cities more resilient to climate change.

Speaking at the thematic session “Housing and Urban Agenda: Strategic Priorities” during the BRICS Urbanization Forum at the Itamaraty Palace in Brasília, AHY highlighted the inequality in access to housing finance for populations most vulnerable to climate risks.

"We must confront a hard truth: those most vulnerable to climate risks are often the least able to access formal housing finance. Without targeted support, they will remain marginalized and at risk," AHY said on Tuesday, June 23, 2025.

In response, Indonesia and several partner institutions are developing a new platform designed to mobilize resources from national and local governments, as well as the private sector. The proposed funding scheme will support climate-adaptive housing initiatives, especially for low-income and vulnerable communities.

"This platform will pool resources from national, provincial, and private sectors. Funding will go toward green renovations, microloans, inclusive zoning incentives, and the use of locally sourced climate-resilient building materials," he cited.

AHY emphasized that the primary goal is to reach the most at-risk households, ensuring that no one is left behind in the global transition toward sustainable and green urban development.

Beyond national efforts, AHY underscored the importance of enhanced global partnerships, stating that public financing alone cannot meet the scale of the climate challenge. He cited Indonesia’s ongoing collaborations with the World Bank and the Asian Development Bank (ADB) to support housing initiatives as examples of effective partnerships.

The Minister also invited the New Development Bank (NDB) to join in funding efforts, sharing best practices, and establishing shared standards for climate-resilient urban development across BRICS countries and their partners.

"We have the opportunity to align subsidy frameworks, share technological tools, and establish joint standards reflecting our commitment to the Paris Agreement, the Sustainable Development Goals (SDGs), and the New Urban Agenda," AHY noted.

In his closing remarks, AHY stressed that housing must be seen not only as a basic human need, but also as a foundation for inclusive growth and future urban resilience.

"Indonesia stands ready to work with BRICS partners to scale up best practices, exchange practical policy tools, and lead by example in building cities that leave no one behind," he said.