Presentation to Green Jakarta Team Balaikota Jakarta December 12, - - PowerPoint PPT Presentation

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Presentation to Green Jakarta Team Balaikota Jakarta December 12, - - PowerPoint PPT Presentation

Climate Business Department Presentation to Green Jakarta Team Balaikota Jakarta December 12, 2018 OVERVIEW The Climate Investment Opportunities in Cities report is the fourth in IFCs flagship series, and seeks to identify the investment


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Presentation to Green Jakarta Team

Balaikota Jakarta December 12, 2018 Climate Business Department

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OVERVIEW

▪ The Climate Investment Opportunities in Cities report is the fourth in IFC’s flagship series, and seeks to identify the investment potential in cities in emerging markets based on their stated goals and targets for emissions reductions broadly and by sector. ▪ The report analyzes climate-related targets and action plans in emerging market cities in IFC’s six regions, identifying opportunities in green buildings, public transportation, electric vehicles, waste, water, and renewable energy – key sectors for climate action. ▪ It also discusses how cities are building urban climate resilience; explores illustrative examples of priorities, actions, and investments through six city deep dives; describes how cities are financing their climate actions; and highlights cross-cutting themes including how data can help cities achieve their objectives, and transit-oriented development as an approach to urbanization. ▪ The report draws from the expertise of various organizations working on both climate change and urban issues, such as C40, ICLEI, WRI Ross Center for Cities, MIT Senseable Cities Labs, the Multilateral Development Banks and others. ▪ With cities accounting for over 50 percent of the global population and producing over 70 percent of global emissions, not only are urban populations most vulnerable to climate impacts but also mitigation actions taken by cities will have a disproportionate effect. Therefore, cities must take the lead in climate action.

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IFC IDENTIFIES > US$29 TRILLION IN CLIMATE INVESTMENT OPPORTUNITIES IN CITIES BY 2030

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Investment Potential in Cities by Region and Sector to 2030

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City Deep Dive: Jakarta’s Climate-Smart Investment Potential to 2030

Mitigation & Adaptation Plans ❖ Reduce emissions 30% from 2005 levels and source 30% of energy from renewable sources by 2030 ❖ Prioritize climate-smart urban development through its Spatial Plan 2030, including improving wastewater treatment, increasing the use of alternative energy- based waste management technology, developing better public mass transit, and building resilience to national disasters ❖ Gather data on the city’s emissions, simulate trajectory to 2030, and develop a Mitigation Action Plan focused on green spaces, sustainable transport, green energy, wastewater management, and solid waste management, as per the city’s Regional Action Plan for Reduction of Greenhouse Gases ❖ Invest in infrastructure to build resilience to flooding through the Jakarta Coastal Defense Strategy and Flood Mapping, and the Jakarta Emergency Dredging Initiative

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6

Awareness/ Capacity Policies Finance

2012 2013 2015 2016 2017 2018 Jakarta GB Code Launched National GB Code Launched Bandung GB Code Jakarta 30:30 Commitment Jakarta GB Code V2 Semarang GB Code

Launched

OJK Sustainable Finance Decree OJK Green Bonds Decree National GB Code development GB Curriculum Development and Course in Universities

EDGE Launched

1st Green Bond issued by OCBC Bank

INDONES ESIA A GREE EEN BUILDI LDING NG (GB GB) & GREE EEN FINANCE CE MILESTONES TONES

OJK Sustainable Finance Masterplan

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INDONESIA GREEN BUILDING CODE: RESULTS (AS OF JUNE 2018)

339

buildings, with almost

21.000.000 m²

873,867

Metric tons Potential CO₂ Emission Reduction

1,156,171

MWh Potential Energy Savings

89,620,572

Million US$ Potential Electricity Cost Saving

3,001

buildings, with almost

876,273 m²

39,545

Metric tons Potential CO₂ Emission Reduction

47,078

MWh Potential Energy Savings

5,178,574

Million US$ Potential Electricity Cost Saving

Jakarta Bandung

> 900K Metric Tons

Total Potential Carbon Emission Reduction

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Mission Vision

Green Building Center of Excellence in Indonesia

100%

New buildings comply with the GB Code

60%

Existing building more energy and water efficient

Jakarta in 2030*

30:30

Commitment

30%

Energy Conservation

30%

CO₂ Reduction

30%

Water Conservation

SETTING UP NEW PATH: 30:30 COMMITMENT