Maria R Nindita Radyati, Ph.D

#ClimateEmergency | The Loss and Damage (L&D) Fund was conceived by member parties of the United Nations Framework Convention on Climate Change (UNFCCC). It serves as a financial mechanism to address the unavoidable and irreversible impacts of the climate emergency. The fund encourages voluntary contributions from developed countries, but invites developing countries to contribute to it too. It has emerged as the third pillar of climate finance alongside adaptation finance and mitigation finance; it is meant to help communities restore and rebuild what is lost and damaged. In this IDR explainer, learn about this new climate financial mechanism, understand how it originated, what critics have to say about it, and what India stands to gain from it. *This is the twenty-second article in a 26-part series supported by the John D and Catherine T MacArthur Foundation. This series highlights insights and lessons from key stakeholders shaping India's energy solutions, and explores possible pathways towards an equitable and just transition. Joeanna Rebello Fernandes Shreya Adhikari Pranav Prakhyat Garimella https://lnkd.in/di5cgWUX

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Delighted to share our Foundation for Responsive Governance (ResGov) New #BudgetInsights on Drinking Water and Sanitation 🚰 - an in-depth analysis of financial trends and key #policyannouncments related to the major schemes under the Department, namely the #JalJeevanMission (JJM) and the #SwachhBharatMission – Grameen (SBM-G), for improving #water and #sanitation #infrastructure in #rural India. We really hope these briefs reach decision-makers, implementers, and #CSR leaders as a quick reference guide for the sector and its finances. The full brief is available here: https://lnkd.in/g2qZkzTy Some key highlights 1) Allocations for DDWS ⬆ by 0.5% to Rs. 77,391 cr in FY24-25. #JalJeevanMission the largest scheme saw a marginal ⬆ as well but they remain lower than projected demands even for FY 23-24. 2) The Mission is set to finish by the end of 2024. Achievement of household coverage was delayed a bit due to #COVID19. Coverage on 19 July stood at 78% ( as per plan it was to be 90% by March 24) 3) A more comprehensive 3-step process for certifying states as #HarGharJal has been devised with verification also in #GramSabha. As of 19 July 4 states had been certified with HarGharJal status. Across India, 22% of villages have been certified. 4) Questions however remain on heavy reliance on #groundwater and in some areas concerns on #waterquality and #contamination. 5) For SBM-G, allocations ⬆ ed 3% but utilisation of funds for Information, Education and Communication #IEC remains low. 6) As of 19 July, 93% of villages had achieved #ODF-Plus status but arrangements for Solid Waste Management #SWM and Liquid Waste Management #LWM were lower. 7) Going forward, the FM announced #partnerships with State Governments and Multilateral Development Banks to promote water supply, sewage treatment, and solid waste management projects for 100 large cities. Tanya R. Sharad Pandey Laavanya Tamang Sidharth Santhosh Mallika Arora Arghyam Watermark Sustainability Foundation India Water Foundation Arkaja Singh Water.org Urmila Chatterjee Sameer Shisodia Shraman Jha Mathews Mullackal Swati Bhatia Manoj Gulati Veena Srinivasan Raman VR Dhiraj Santdasani Bishwadeep Ghose Shweta Tyagi Nitin Bassi Kapil Kumar Narula Dr Anand Bang Dr. Ruchika Singh Transform Rural India WaterAid India Water Portal Lopamudra Panda Ambarish K Rishika Jaiswal Lopamudra Tripathy Roshni Mukherji Priyanka Kuhar Naved Mohammad, MSW Council on Energy, Environment and Water (CEEW) Climate Asia Kartik Desai Keshav Kanoria #WaterAndSanitation #BudgetInsights #JalJeevanMission #SwachhBharat #GovernmentSpending #Research #PolicyAnalysis Look forward to any feedback/suggestions you may have!

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STRATEGIC ANALYSIS OF GREEN FINANCE CRIME TO STRENGTHEN GREEN ECONOMY IN EMERGING MARKETS Green finance crime is money laundering stemming from illegal environmental destruction activities. Indonesia is experiencing this problem, where the number of forest clearing, plantations, and mining is increasing, but the results are not enjoyed by the surrounding community, and only enjoyed by a few people and corporations through illegal mechanisms. Ordinary legal mechanisms have not been able to prevent and crack down on green finance crimes in Indonesia. This study aims to analyze green finance crimes in order to optimize green economy transformation in Indonesia. This study used the juridical-normative method. The purpose of this study is to determine the risk mitigation measures for green financial crime in Indonesia. The result of this study is that the problem faced by Indonesia is that it does not understand environmental crime as a criminal act originating from money laundering so the instruments used to overcome this crime are still conventional. Coupled with the ever-evolving, various modes of washing are complex and involve different legal systems in different countries. This makes green finance crime difficult to eradicate with ordinary legal instruments. Thus, the authors propose mitigating legal risks through joint investigations covering multiple devices, multiple institutions, multiple laws and regulations, and multiple sanctions to overcome this. #governance #law #greenfinance #regulation #moneylaundering Find the full-text paper published in our journal Corporate Law and Governance Review below https://lnkd.in/dYKq2FgT

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📢 Our latest report with Recourse and Inclusive Development International just launched, exposing how the IFC - International Finance Corporation financial intermediaries fund captive coal projects in Indonesia. This research marks a crucial point in global climate action, underscoring the MDBs' role in redirecting finance away from harmful activities. As the world pursues sustainability, it's clear that backing coal, especially captive projects, conflicts with carbon neutrality and sustainable development goals.🔍🌍 Three MDBs, The World Bank Asian Development Bank (ADB) and Asian Infrastructure Investment Bank (AIIB) still backing fossil fuel projects, and going against global carbon reduction goals, maintaining reliance on non-renewable resources. Our report proposes practical steps to improve MDB policies on 'captive' coal financing. These include enhancing transparency, accountability, and a gradual divestment from coal projects. By implementing these recommendations, MDBs can pioneer the global energy transition and support the goals of the Paris Agreement. IFC - International Finance Corporation and The World Bank must urgently close policy loopholes to end finance for all forms of coal power.⚠️⚡ More here👉 https://lnkd.in/g8wdaNtB

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Last year, along with PENA Masyarakat, Inclusive Development International, and Recourse, we submitted a complaint to the IFC - International Finance Corporation internal watchdog, the Compliance Advisor Ombudsman (CAO), for an investigation regarding the involvement of this The World Bank subsidiary with the new coal power plant project, Java 9-10, in Suralaya, Banten. 🌏 The ongoing investigation revealed that the IFC supported the construction of Java 9 and 10 through equity investments totaling $46.9 million in PT Bank KEB Hana Indonesia, one of the project's financiers. This support indicates that the IFC did not comply with its environmental and social policies for project financing. Our energy campaigner Novita Indri emphasized how the Java 9-10 coal power plant will only exacerbate the already devastating health and environmental problems that the communities in Suralaya face, as they are forced to live in an area surrounded by coal power plants. ⚠️🌿 Adding to the oversupply issue, the project brings devastation and little to no benefit to the community. We call for the IFC to cooperate with its ombudsman to remedy the harms identified by the investigation and to make systemic changes to how it invests in the future. 💡🤝 More on: https://lnkd.in/gYFayw72

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🌱✨ Explore ICLEI South Asia’s journey in this infographic. The five pathways of sustainable development and see how actions have aligned with the #SDGs to support local governments towards climate resilience. Roadmap to a greener future! #ICLEISAturns19 #FoundationDay #ICLEISouthAsia #SustainableCities #UrbanDevelopment

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"In fact, the Welfare State is merely a method for transforming the market economy step by step into socialism. (…) These policies never attain those—allegedly beneficial—ends which the government and the self-styled progressives who advocated them wanted to attain, but—on the contrary—bring about a state of affairs which—from the very point of view of the government and its supporters—is even more unsatisfactory than the previous state of affairs they wanted to “improve.” If the government does not repeal its first intervention, it is induced to supplement it by further acts of intervention. As these fail again, still more meddling with business is resorted to until all economic freedom has been virtually abolished. What emerges is the system of all-round planning, i.e., socialism.” — Ludwig von Mises If you understand the threat of welfare and socialism… Students For Liberty may be the place for you! Our Local Coordinator Program has volunteers in over 100 countries around the world educating, empowering, and providing the resources that leaders of liberty need to build themselves up and spread freedom. Learn more and apply today at https://lnkd.in/edxuSBgz (also available via the link in our bio).

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BREAKING NEWS: Typhoon Yagi Devastates Southeast Asia 🚨 83% Increase in Climate-Related Disasters 🌍 Typhoon #Yagi is tearing through Southeast Asia, leaving widespread destruction in its wake and underscoring the urgent need for circular economy principles in disaster recovery and future infrastructure resilience. 1️⃣ Economic Impact: With an estimated $10 billion in damages and over 70% of infrastructure destroyed, rebuilding efforts must prioritize circular design—focusing on durability, adaptability, and recyclability to ensure long-term resilience. 2️⃣ Resource Management: The disaster has generated 15 million tons of debris, presenting a major challenge. However, efficient waste management systems can transform this crisis into an opportunity for material recovery and sustainable rebuilding efforts. 3️⃣ Climate Resilience: With climate-related disasters increasing by 83% over the past two decades, circular economy strategies are essential for fostering resilient communities. Integrating regenerative practices in agriculture, construction, and urban planning will help mitigate future risks. What are your thoughts on adopting circular solutions in disaster recovery?

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The Indonesian Ministry of Environment and Forestry called for increased community participation in waste banks to support the country's waste reduction goals. They emphasized transforming waste banks into social businesses and building networks between stakeholders. Currently, the participation rate is low at 3.24 per 1,000 population, making it difficult to meet the 30% waste reduction target. As of 2024, Indonesia has 30,148 waste banks operating on reduce, reuse, and recycle principles. https://t.ly/kDJOY

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Circular Economy for ESG --- A practical example of #ce shared by one of our Malaysian Association of Public Advocacy for Nature (MAPAN) founding members in our #esg warriors chat room. Proper waste segregation (at source by citizens from home) without unsightly #landfill or leachate to pollute the waterway, and plenty of resulting renewable energy. Many-in-one ESG spinning a circular economy that a nation can use even the final ashes of burning to prosper the low carbon building industry. https://linktr.ee/esgmapan #publicprivatepartnership

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🌳 ASEAN Guiding Principles for Effective Social Forestry Legal Frameworks! 🌳   We are thrilled to share the ASEAN Guiding Principles for Effective Social Forestry Legal Frameworks. These principles are designed to support the development and implementation of robust legal frameworks that promote sustainable forest management and empower local communities.   This comprehensive guide provides actionable insights and best practices to ensure that social forestry initiatives across the ASEAN region are both effective and equitable. By fostering collaboration and integrating local knowledge, we aim to enhance forest governance and contribute to the well-being of communities who depend on these vital ecosystems.   Discover how these guiding principles can drive positive change and support sustainable development in the ASEAN region. Access the guiding principles here: https://bit.ly/4bWkXo5   #ClientEarthAsia #ASEAN #SocialForestry #SustainableForestry #CommunityEmpowerment #EnvironmentalSustainability

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🇮🇩 Indonesia needs around USD 285 billion in financing by 2030 to meet its climate targets—a significant challenge for a rapidly urbanizing country. In 2024, United Nations ESCAP and Cities Climate Finance Leadership Alliance (CCFLA), assisted countries, including Indonesia, to assess their national enabling conditions for urban climate finance, focusing on policy, budget, climate data, and coordination. Learn more in our latest blog: https://buff.ly/40eXn34 #UrbanAct #ClimateAction #SustainableCities

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🔎 Insights into our latest publication 🔎 #Downstreaming policy in #Indonesia 🇮🇩 has profound implications for #Indigenous communities. Initiated in 2013, the policy mandates the local processing of raw materials to stimulate economic growth and job creation, a vision strongly supported by President Joko Widodo. However, the focus on rapid economic development has led to increased resource extraction, particularly in indigenous lands like #Sulawesi’s nickel mines, resulting in rising tensions and conflicts. In his article, Muhammad Reza Zaini explores the negative impact on Indigenous communities, highlighting issues such as the dismantling of Indigenous legal protections, insufficient compensation for land use, and #environmental degradation. The aggressive #mining activities have led to the criminalization of Indigenous leaders and violent clashes since 2023, especially in Southeast Sulawesi Province. These conflicts are worsened by the lack of proper legal frameworks and transparent negotiations between the government, mining companies, and Indigenous groups. To address these challenges, Muhammad recommends strengthening civil society organizations to provide legal aid, encouraging the government to engage in peaceful dialogues with Indigenous leaders, and enforcing strict environmental impact assessments to ensure sustainable #development and balance economic growth with the rights and well-being of Indigenous communities. 📌 Issue 1️⃣ of the #Indo-#Pacific programme's #PeaceandSecurityMonitor is available for download here: https://lnkd.in/eWbPuNQ9 📌 Visit the website of our Indo-Pacific programme at: https://lnkd.in/eQqwVAFA

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🚨NOT WITH OUR MONEY! 🚨 Alarming Trends in Coal Financing: How State-Owned Banks Undermine Energy Transition and Climate Justice in Indonesia! Our latest report with Indonesia Corruption Watch reveals that between 2020 and 2023, Indonesian financial institutions disbursed at least IDR 163 trillion to coal-related activities. This figure likely underrepresents the total investment, as it only reflects the largest coal corporate groups. Despite their green claims and campaigns, PT Bank Mandiri (Persero) Tbk. leads the way in dirty investments, providing at least IDR 66 trillion—likely more when accounting for syndicated loans. The new coal power plant project, PLTU Sumsel 8 (CPP South Sumatra 8) of PT Bukit Asam Tbk and PT Huadian Bukit Asam Power , is one of the recipients of loan funding from PT Bank Mandiri (Persero) Tbk. While international banks refuse to invest in this unnecessary project, PT Bank Mandiri (Persero) Tbk. chose to step in, complicity fueling the climate crisis. Ranking second is PT Bank Rakyat Indonesia (Persero) Tbk, which disbursed at least IDR 23 trillion to coal companies, with the real figure likely much higher. 💰   One of the biggest beneficiaries of state banks' 'generous' coal financing policies is Sinar Mas's PT Dian Swaistika Sentosa, which received over IDR 63 trillion in loans. This report also reveals how the coal industry is heavily influenced by a small group of wealthy individuals, with at least 89 politically exposed persons linked to just 7 coal companies. 🔍 So Indonesian Banks, why are you swimming against the tide while hundreds of international banks are closing their doors to coal investments? Undoubtedly, this troubling practice poses significant risks that reinforce Indonesia's current political and economic infrastructure, which continues to favor coal interests. This leads to regulatory capture, greenwashing, and delays in meaningful climate action. ⚠️ Discover more about the banking and coal industry ties that allow trillions of OUR MONEY to be funneled into such a devastating sector, all the way to the last page! 📊Let’s urge financial institutions to stop funding the climate crisis and truly commit to a sustainable economy. 🌍💪 https://lnkd.in/gM3_tsqG 

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Exchanging notes with colleagues at ERIA Jakarta today on how the reconfiguration of global supply chains have affected the ASEAN economies. I presented a work in progress with my colleague Aufa Doarest showing the benefits on ASEAN economies in terms of trade and investment in chip and EV. However, the benefits can offset by greater disruption if the US-China tension escalates. Dr Lili Yan Ing and David Christian presented their work in progress on whether ASEAN is de-fragmenting. Baldwin (2023) argues that defragmentation in the global manufacturing processes has taken place after decades of fragmentation that led to (hyper)globalization. Always good to compare notes with colleagues working on the same research topic.

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"The World Bank Group is blind to the risks that captive coal poses to people and planet." Our finance campaigner Daniel Willis quoted in this Mongabay article on our latest research 👇 Our analysis, published last week with Trend Asia and Inclusive Development International, shows that the World Bank's private sector arm, IFC - International Finance Corporation, is indirectly financing captive coal in Indonesia. Read more here 👉 bit.ly/3LphzXo #MDBs #StopFundingFossilFuels #WorldBank

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For those working on energy transition especially in Asia, The World Bank has developed a list of 57 economic activities to guide investments that support a #justtransition from coal – the ‘Just Transition Taxonomy’. This taxonomy is the first of its kind – and crucially, the Just Transition Taxonomy addresses the need for a taxonomy which integrates social, economic and environmental dimensions of the transition.   The taxonomy’s economic activities are distributed across three pillars: (1) governance, (2) people and communities, and (3) repurposing of former coal mining lands and associated assets. The Just Transition Taxonomy is accompanied by a narrative report to frame, contextualize, and explain how to use the taxonomy. Both the report and list of activities are available for download here: https://lnkd.in/gex488mj Thanks to my colleague and WBCSD – World Business Council for Sustainable Development equity lead Carolien de Bruin for sharing

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NewClimate Institute and Institute for Essential Services Reform (IESR) launched a report titled “Identifying Finance Needs for a Just Transformation of Indonesia’s Power sector” 📚 Full report: https://lnkd.in/gyyDnWb2 The report uses the Just Energy Transition Finance Needs tool, or ‘JET-FIN’ to facilitate an analysis of the key finance needs for a just energy transition in Indonesia’s power sector. It covers different pathways, allowing users to adjust critical parameters and test their influence on potential investment needs over time. The tool was developed as an open-source Excel model to help inform critical considerations in kick-starting the transition away from fossil fuel reliance to clean technologies. 👉 Visit SIPET’s Knowledge Hub for more details: https://lnkd.in/ec8jdfRX 

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