Program Overview

Australia Awards Short Course in Climate Finance

The Climate Finance course provided participants from across Indonesia with opportunities to network with Australian experts and organisations, explore climate finance opportunities to support Indonesia's green economy transition, share case studies under the Australia-Indonesia Joint Statement on Cooperation on the Green Economy and Energy Transition, and evaluate policies and initiatives to attract climate finance.

Project Description

The course aimed to strengthen participants' knowledge and networks by exploring:

• Mapping stakeholders directly financing and influencing the climate finance sector
• Benchmarking of Australian inter-agency collaboration and coordination
• Climate finance system analysis
• Building networks with public and private Australian institutions and experts for future collaboration
• Regulatory measures to encourage climate investment from the private sector (domestic and international)
• Government policies and instruments to drive green transformation – taxes, duties, excises, and other levies and subsidies
• The role and responsibilities of specific government agencies in climate financing
• Private equity sources and drivers
• Improving existing climate finance arrangements and sources to help achieve national targets
• Promoting Indonesia's comparative advantages to attract foreign investment in climate initiatives
• Future directions in climate finance, including funding sources, technologies, and use of funds
• Case studies of investment in climate change mitigation measures
• Politics of climate finance
• Indonesian, Australian, and global case studies of current and planned policies and initiatives
• Implications of future COP 27 and SDGs on future climate finance
• Policy innovation processes and tools for evaluating policy

Project Personnel and Beneficiaries

The participants come from a variety of organisations and government agencies across Indonesia, including:

• Ministry of Finance
• Indonesia Financial Services Authority
• Ministry of National Development Planning (Bappenas)
• World Resources Institute (WRI) Indonesia
• HDF Energy
• Coordinating Ministry for Economic Affairs
• Misool Foundation
• Ministry of Home Affairs
• Ministry of Environment and Forestry
• PT Sarana Multi Infrastruktur (Persero)
• Climate Policy Initiative

Outcomes to Date

The participants worked in groups and individually to complete an Award Project on completion of the course to implement their learnings from the program. Nine projects were conducted by the participants, which included:

• Sustainable Finance or Indonesia NZE Transition
• Papuan Endowment Fund for Sustainability
• Unlocking the Climate Finance Access to Early-Stage Climate Resilience Changemakers
• Blue Carbon Funding to Support Sustainable Conservation Efforts All projects were deemed strong and demonstrated good progress of implementation.

Project Significance

The Short Course aimed to strengthen participants' knowledge and networks by exploring various aspects of climate finance.

Co-authors

• Dr Johanna Nalau
• Dr Emma Aisbett
• Ms Moekti Handajani (Kuki) Soejachmoen
• International Development Unit, Griffith International

Project Details

• Project start: 2022
• Project end: 2022
• Academic area: International Development Unit
• Project type:
  • Community Engagement or Service, industry partnerships
  • Learning and Teaching
  • Other
  • Research
• Project location: Nathan
• Project geographical impact:
  • International