In 2021, the Government of Indonesia reaffirmed its commitment to address climate change issues as stated in the enhanced Nationally Determined Contributions (NDCs) and targeting net zero emissions by 2060 or sooner. In an effort to achieve these targets, in addition to funding and capacity-building aspects, technological support is also needed through technology development and transfer. With an urgent need for funding and technology for priority sectors such as energy, FOLU, food, and water, understanding the opportunities and challenges in accessing green technologies is one of the main agendas.

The potential of funding sources such as the Green Climate Fund (GCF) to support the implementation of priority technologies also provides a great opportunity for Indonesia to accelerate the transition to low-carbon and sustainable development. In reference to these commitments and targets, the Fiscal Policy Agency (BKF), Ministry of Finance, as the National Designated Authority (NDA) of the Green Climate Fund (GCF) in Indonesia together with the Global Green Growth Institute (GGGI) as the implementation partner of the Readiness Project, is developing a strategic document related to the assessment of technology needs in four priority funding sectors such as energy, FOLU, food, and water, which is supported by Deloitte.

The consultation workshop with the theme "Technology Finance Needs and Opportunities Assessment Study," which took place on Wednesday, September 25, 2024, involving several stakeholders in priority sectors, is one of the important stages to support the formulation and development of the study document. This study is hoped to accelerate the adoption of climate-friendly technologies, overcome obstacles to their implementation in priority sectors, mobilize inclusive funding, and support the achievement of national climate targets.

Mr. Noor Syafruddin opened the workshop as a representative of the NDA GCF Secretariat. In his remarks, the NDA underlined the significance of technology application through international support through technology transfer in dealing with climate change issues. Therefore, it is necessary to understand the opportunities and challenges in accessing environmentally friendly technologies for relevant parties in priority sectors. In addition, the potential funding from the GCF to support priority technologies can be a great opportunity for Indonesia to accelerate the transition to low-carbon and sustainable development.

The session was then continued with a presentation by Ms. Debi Nathalia, a representative of GGGI as the implementation partner of the Readiness Project, and Mr. Vaibhav Khare, a representative of Deloitte. Both explained in more detail the urgency of identifying technology needs in dealing with the impacts of climate change in Indonesia and the process of developing a strategic document that includes technology priorities, funding needs, and opportunities to support the application of these technologies. The session then ended with a short discussion session where stakeholders provided input on the initial results of the study.

The workshop then progressed to the main session, namely a discussion session guided by Deloitte, which aimed to validate the initial findings of the study and technology priorities. In this session, several inputs from stakeholders were recorded, one of which was the determination of criteria used to identify priority technologies in four main sectors: cost aspects, economic aspects, social aspects, environmental aspects, and aspects related to climate change. This session ended with the delivery of the next stages of analysis related to barriers and opportunities for future technology implementation.

This strategic document will later include Technology Action Plan which will serve as a reference in developing concept note for priority sectors to access international climate funding, including GCF. It is hoped that this can address the technology gap in Indonesia to achieve national climate goals through funding support.