Challenges remain as Indonesia gains ground in green development

06-Dec-2019 Intellasia | JakartaPost | 6:02 AM Print This Post

Green development in Indonesia presently covers 25 million square meters, or about 5.7 times the area of Vatican City, thanks to significant progress made by Jakarta and Bandung in pioneering green building codes, says a recently released report, but challenges await further progress. Published early this month, the report from the International Finance Corporation (IFC), the World Bank Group’s financing arm, shows that Indonesia has made significant advancements in green development through various governmental efforts. The report cites figures from the IFC’s June 2018 survey, which found 339 buildings covering 21 million sqm in Jakarta that complied with the green building code, and more than 3,000 buildings covering 880,000 sqm in Bandung that complied with the code. “There is a strong business case for the private sector, financiers and governments to inv…


Category: Indonesia

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