Indonesia Receives GBP 27 Million Grant from the UK for Green Economy Growth

Nov 2023

Indonesia has received a grant of IDR 514 billion (GBP 27.2 million, or USD 33.5 million) from the United Kingdom to execute the second phase of the Low Carbon Development Initiative (LCDI) toward green economy adoption. The National Development Planning (PPN) Ministry received the grant after signing a technical agreement with the British Foreign Commonwealth and Development Office (UK-FCDO) in Jakarta.

The PPN Minister expressed the hope that the bilateral collaboration would amplify Indonesia’s commitment to promoting and adopting a green economy in accordance with one of the agendas outlined in the 2025–2045 National Long-term Development Plan (RPJPN). The collaboration is also aimed at paving the way for the realization of the net-zero emissions target by 2060 or sooner.

The minister also expressed optimism that the LCDI grant would be helpful to realize sustainable economic growth in Indonesia. He then extended his appreciation to the British government for its continuous support of the LCDI program.

Meanwhile, the British Minister of State for the Indo-Pacific noted that the rapid and significant development of Indonesia’s economy and innovation has provided Indonesia and the UK with more cooperation opportunities. Both countries could continue exploring cooperation opportunities, including in the field of science and technology.

(Source: BritCham Indonesia)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services