The United Nations Development Program (UNDP), in partnership with the Indonesian Ministry of National Development Planning (Bappenas) and with the support of the Government of Denmark, launched an initiative for the development of Indonesia’s first national strategy on circular economy. The objective is to define a new economic model for the country that can further boost growth, create new jobs and address climate change at the same time by managing resources and waste sustainably. Indonesia is the first country in South East Asia to adopt a national strategy on circular economy, which could provide a competitive edge to attract private sector investments.
Bappenas has received USD 540,000 of funding from Denmark for the circular economy support initiative. The funding is streamed through UNDP as the facilitator. UNDP will work with Bappenas, Ministries and government agencies as well as international and domestic companies to develop and implement a national circular economy strategy by 2024 in Indonesia. The national strategy will notably aim to facilitate close collaborations between the public and private sectors in the country. The initiative is also expected to accelerate Indonesia’s progress to reach the UN Sustainable Development Goals (SDGs), especially the SDG12 on sustainable consumption and production.
Five sectors have been identified as holding the most potential relating to the implementation of a circular economy ecosystem in Indonesia: food and beverage, textiles, construction, wholesale and retail trade, and electronics.
(Sources: Jakarta Globe; United Nations Development Program)
