Indonesia: KfW Provides EUR 2.5 billion for German-Indonesian Climate Initiative
To mark the launch of the German-Indonesian climate initiative, Federal Minister Gerd Müller took part in the first meeting of the steering committee at the beginning of March together with high-ranking representatives of the partner country. KfW is providing EUR 2.5 billion for green infrastructure over five years on behalf of the German Government and is working closely with GIZ on the contents. The goal is to save up to 4.5 million tonnes of CO2 and other greenhouse gases annually.
The 17,000-island state of Indonesia wants to expand its infrastructure in a climate-friendly and future-oriented way. On behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), KfW is providing loans totaling EUR 2.5 billion to advance numerous projects in the areas of mobility, water/wastewater and waste management within five years.
The official documentation of Green Infrastructure Initiative virtual kick-off meeting of the Steering Committee could be downloaded here: GII Steering Committee Virtual Kick-Off Documentation.
Watch the session here: