The Bandung City Government is exploring global-scale green investment cooperation with the UK Government and the International Finance Corporation (IFC) as part of efforts to reduce greenhouse gas emissions by up to 22 per cent by 2035.
Bandung Mayor Muhammad Farhan, in a press release issued on Monday, said that investment opportunities in the climate sector could strengthen Bandung’s position as a world-class investment destination.
“Opportunities to invest within the climate investment framework create further possibilities for Bandung to become one of the world’s leading investment destinations,” Farhan said.
Farhan identified several sectors with strong potential for development through green investment, including waste management, the development of green and blue open-space indices, improvements in air quality, and the management of raw water and groundwater resources.
He added that improving water quality could also support the city’s long-term ambition to provide drinkable tap water, initially starting with the hospitality sector.
The British Ambassador to Indonesia, Dominic Jermey, welcomed the collaboration and reaffirmed the UK Government’s readiness to support Bandung as it moves into the implementation phase.
“This report provides a data-driven analysis of Bandung’s climate resilience priorities while identifying a range of green investment opportunities across the city. We are very pleased to support Bandung at this stage of its journey,” Jermey said.
IFC Country Manager Euan Marshall presented the findings of the CIOD study, which identified 28 strategic measures to reduce emissions in Bandung. Eight of these measures account for up to 90 per cent of the city’s potential emissions reductions, including energy efficiency, waste management, and improvements to public transport.
In addition, IFC proposed public-private partnership schemes to support the financing of infrastructure projects, including Bus Rapid Transit (BRT), waste-to-energy initiatives, and low-emission zones.
“The year 2035 is closer than we might think, so the target is indeed highly ambitious. However, we also need to be bold enough to think big if we want to take actions that can deliver equally significant impact,” Euan said.
Source from ANTARAJABAR
Original news HERE
