Indonesia’s new definition of climate-friendly investment risks greenwashing coal power

Agung Satyadini; Khresna Satriyo

Indonesia’s new definition of climate-friendly investment risks greenwashing coal power

Research output: Contribution to specialist publication › General Article › peer-review

Abstract

Indonesia’s prudential regulator, the Financial Services Authority (OJK), is currently engaged in discussions regarding the potential classification of coal-fired power plants as ‘green’ under a planned update to its classification scheme for green investments, the Indonesian Green Taxonomy (THI). This green labelling of fossil fuel related projects has stirred controversy as it contradicts scientific evidence and indicates a significant shift in Indonesia's Sustainable Finance Roadmap Phase II.

Original language	English
Specialist publication	The East Asia Forum
Publication status	Published - 11 Nov 2023

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abstract = "Indonesia{\textquoteright}s prudential regulator, the Financial Services Authority (OJK), is currently engaged in discussions regarding the potential classification of coal-fired power plants as {\textquoteleft}green{\textquoteright} under a planned update to its classification scheme for green investments, the Indonesian Green Taxonomy (THI). This green labelling of fossil fuel related projects has stirred controversy as it contradicts scientific evidence and indicates a significant shift in Indonesia's Sustainable Finance Roadmap Phase II.",

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AB - Indonesia’s prudential regulator, the Financial Services Authority (OJK), is currently engaged in discussions regarding the potential classification of coal-fired power plants as ‘green’ under a planned update to its classification scheme for green investments, the Indonesian Green Taxonomy (THI). This green labelling of fossil fuel related projects has stirred controversy as it contradicts scientific evidence and indicates a significant shift in Indonesia's Sustainable Finance Roadmap Phase II.

M3 - General Article

JO - The East Asia Forum

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Indonesia’s new definition of climate-friendly investment risks greenwashing coal power

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