Indonesia, a fast-growing economy with key roles both in ASEAN and on the global stage, is a strategic partner for the European Union. As the global pandemic continues to disrupt all sectors of life, Indonesia’s G20 presidency in 2022 focuses on encouraging collaboration for a stronger and more sustainable post-pandemic recovery.
During its presidency, Indonesia focuses on three priority issues: Global Health Architecture, Sustainable Energy Transition and Digital Transformation. These are also important priorities for the EU.
The Comprehensive Economic Partnership Agreement (CEPA) between the EU and Indonesia, once concluded, will boost bilateral trade and investment and promote a sustainable relationship in economic, social and environmental terms, providing a further boost to the recovery process. The EU is determined to conclude the negotiations fast and make CEPA a success for both sides.
The European Investment Bank (EIB), the “climate bank” under the European Union, is considering to finance two bus rapid transit systems (BRT) in the cities of Batam and Makassar, Indonesia. The EIB financing is part of a wider Team Europe support to reduce Indonesia’s greenhouse gas emissions by up to 41% by 2030.
Home to around 3 million people, the two cities developed their BRT system projects with the support from the Financing Energy for Low-carbon Investment – Cities Advisory Facility (FELICITY)– a project preparation facility jointly implemented by the EIB and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH. It is funded by the International Climate Initiative (IKI) of the German Ministry for the Environment, Nature Conservation, Nuclear Safety and Consumer Protection (BMU).
FELICITY helps cities across the world to develop bankable urban investment projects and in turn contribute more effectively to reducing global greenhouse gas emissions, improving health and well-being, allowing a gender equality balance and timesaving as well as enabling a just green transition to carbon-neutral cities. The programme is active in Brazil, Ecuador, Indonesia and Mexico.