This Spotlight builds on sources and insights presented in the broader report, Domestic Capital Mobilization for Climate Finance in Southeast Asia.
Key takeaways:
- Indonesia received a total of USD 26.9 billion in climate finance between 2017 and 2022, driven mainly by international investors.
- Indonesia mobilized a higher share of blended climate finance (USD 7.6 billion) across all years, exceeding both Vietnam (USD 3.4 billion) and the Philippines (USD 2.6 billion) on both an absolute and proportional basis.
- Renewable energy asset development accounts for 44% of transactions, followed by agro-finance (19%) and sustainable agriculture (15%).
- Blended finance has been instrumental in mobilizing capital to support renewable energy generation, despite a continued high reliance on fossil fuels, as well as advancing early-stage nature-based solutions.