HSBC Sounds Its Full Support for the Indonesian Government's Energy Transition to Renewables

- 15 September 2022 07:45 WIB
Minister of Finance Sri Mulyani (Indonesiajakartadaily) (Indonesiajakartadaily)
Minister of Finance Sri Mulyani (Indonesiajakartadaily) (Indonesiajakartadaily)

 

JAKARTADAILY – HSBC Indonesia President Director, Francois de Maricourt said HSBC is fully committed to supporting the Indonesian government in the energy transition and sustainable development.

This was said by Francois when giving a speech at the HSBC Summit 2022: Powering the transition to net zero, Indonesia's pathway for green recovery in Jakarta, Wednesday, September 14, 2022.

Indonesia is one of the countries in Southeast Asia that has the greatest risk of being affected by climate change.

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Based on data from the Asian Development Bank, climate change will cut the Gross Domestic Growth (GDP) of countries in Southeast Asia by 11 percent by the end of this century.

 “We are very pleased that the energy transition has become one of the priorities of the Indonesian government in the G20 Presidency.

We also support a number of initiatives and policies issued by the government to accelerate the transition to low-carbon development,” said Francois in a press release, Wednesday, September 14, 2022.

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Finance Minister Sri Mulyani said Indonesia could lose its economic potential of Rp 112.2 trillion or 0.5 percent of GDP in 2023 due to the climate change crisis.

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Editor: Mukhtar Wijaya

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