Press Release: Accelerating Green Energy Finance

Jakarta, 24 March 2023. Institute for Economic and Social Research, Faculty of Economics and Business Universitas Indonesia (LPEM FEB UI) organized a workshop on Accelerating Green Energy Finance titled “Accelerating Green Finance in the Belt and Road Initiative Countries” on 20th March 2023 in Pullman Hotel Jakarta. The workshop was a collaboration between the LPEM FEB UI with the International Institute of Green Energy Finance (IIGF) and experts from the Oxford Sustainable Finance Group, Smith School Enterprise and the Environment, University of Oxford.

The workshop was attended by strategic multi-stakeholders, including policymakers, researchers/academics, and private sector stakeholders in the related energy and financing sector, to engage and improve their understanding of the impacts of current and planned projects on the local environment and sustainable development. The workshop also aimed to improve their understanding of the stranded asset risks of current/planned projects driven by physical and transaction risks related to environmental change.

During the workshop, we provided lectures, trainings, tools, and materials to help policymakers and stakeholders to understand and conduct analysis for stranded asset risk in the energy, cement, iron, and steel sectors, the most significant sectors contributing to carbon emissions and the ones most likely to be subject to stranded asset risk. From the workshop, attendees will develop the capacity to conduct original analysis using highly granular and novel datasets developed by Oxford University for understanding, compiling, and evaluating national, sub-national, and corporate-level physical climate risk and transition risk. Attendees also have the option to develop further capacity in conducting other types of analysis using asset-level data for monitoring and alignment, carbon budget projections, and assessing the joint physical and transition value at risk.

At the end of the session, there was a 1-on-1 meeting between participants and experts from the University of Oxford to discuss the workshop’s follow-up materials and potential collaboration between the University of Oxford and attended institutions.

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