Seminar Series


Wednesday, 27 July 2022 | 13.00 - 18.15 (UTC +7)

Seminar Series

The Government of the Republic of Indonesia, which in 2022 holds the mandate of the Presidency of the G20, has announced the issue of the energy transition as one of the main agenda priorities of this year’s G20. Among many facets of this topic, one of the most challenging is unlocking the scale of financing required. Without adequate and workable financing, the energy transition will not happen.

On the road to the G20 Summit, the Energy Transition Working Group (ETWG) Indonesia G20 2022 and T20 Indonesia, in collaboration with the Centre For Policy Development (CPD) Australia, Climateworks Centre, International Institute for Sustainable Development (IISD), Indonesia Research Institute for Decarbonization (IRID), and the Institute for Essential Services Reform (IESR), supported by Asia Investor Group on Climate Change (AIGCC), are organizing a G20 pre-event workshop on “Unlocking Innovative Financing Schemes and Islamic Finance to Accelerate a Just Energy Transition in Emerging Economies.”

This event is intended to explore a complete picture of the additional policies and financing mechanisms required to finance the energy transition as a basis for starting discussions or negotiations on a comprehensive package with government and non-government actors. The financing aspects to be discussed not only include the transition of the energy and electricity system to clean sources, but also other non-project financing including employment transition, safeguarding the budget, and social safety nets.

The agenda for this Seminar Series will cover four focus areas: (1) increasing public financing for the energy transition; (2) unlocking more private financing for energy transitions; (3) ensuring comprehensive financing of the energy transition (non-project financing, financing of the social impacts of the energy transition); and (4) innovative approaches such as Islamic financing (waqf, sukuk).

This event will be a combined in-person and on-line seminar, and is intended to bring international experts and policy makers to have a close dialogue with international financial communities, think tanks, academics, and financial media.


Event Agenda


13.00 - 13.05Opening by MC: Yohana Margaretha
13:05 – 13.15

Welcoming Remarks:

Yudo D. Priaadi

Chair of Energy Transition Working Group (ETWG) G20 2022

Andrew Hudson

CEO, Centre for Policy Development (CPD)

Keynote Speech

13.15 – 13.30

H.E. Ma’ruf Amin

Vice President of the Republic of Indonesia

Syariah and Green Finance for Energy Transition Financing Solution

13.30 – 13.45

H.E Sri Mulyani Indrawati

Minister of Finance, the Republic of Indonesia

Innovative Government Budgeting Strategy for Energy Transition: Indonesian Case

13.45 - 14.00

H.E Arifin Tasrif

Minister of Energy and Mineral Resources, the Republic of Indonesia

Defining Complete Financing Needs for Energy Transition: Indonesian Case

14.00 - 14.15

Mahendra Siregar

Chairman of the Board of Commisioner The Indonesia Financial Service Authority (OJK)

Panel 1

Optimizing the Role of Innovative Domestic Public Finance, including Islamic-based Financing, in Leveraging Energy Transition Finance in EMERGING ECONOMIE

In leveraging the energy transition finance, the Government of Indonesia (GoI) has set several programs and initiatives from domestic public finance to incentivise private investment for clean energy development in the country. However, there is still funding gap to achieve the renewable energy target by 2025.

This session will discuss the progress of current efforts in leveraging the energy transition finance by using public finance and allocating public money in a targeted way to de-risk private finance and mobilise private investment. Additionally, it will elaborate the role of Islamic-based finance and capital markets to boost the efforts.

14.20 - 14.25

Session introductory remarks

Peter Wooders, Senior Director, International Institute for Sustainable Development (IISD)

14.25 - 15.25

Remarks and Discussion from Speakers led by moderator

(Moderator: Moekti Handajani Soejachmoen,

Lead Co-Chairs TF3 – T20 Indonesia, Executive Director IRID)


  • Amanda McLoughlin, , Development Director, British Embassy to Indonesia and Timor Leste

  • Paul McCartney, Chief Clean Futures Officer, Clean Energy Finance Corporation (CECF)

  • Adi Budiarso, Ministry of Finance, Republic of Indonesia)

  • Mercy Chriesty Barends, Member of the house of Representative of the Republic of Indonesia

  • Alexander Hogeveen Rutter, International Solar Alliance
15.25 - 15.30Conclusion by Moderator
15.30 – 15.35Short Break – Coffee & Tea will be served at table

Panel 2

Exploring the Role and Appetite of the Non-state Actors in Financing Energy Transition and Islamic Finance as Innovative Solution for Just Energy Transition

This session explores the role and appetite of the Non-State Actors to fill the investment gap in public finance. In the latest study by IEA, the World Bank, and the World Economic Forum, today’s energy investments today in the emerging and developing economies heavily rely on public finance but required more than 70% of clean energy investments from privately financed sources in achieving the net zero emissions.

In addition, vibrant and innovative Islamic green finance ecosystem, combined with social and environmental objectives, might be a potential prospect to foster the required financial needs for the energy transition.

15.35 - 15.40

Session introductory remarks

Anna Skarbek, CEO Climateworks Centre

15.40 - 16.40

Remarks and Discussion from Speakers led by moderator

Moderator: Anna Skarbek, CEO Cliemateworks Centre


  • Ir. Satya Widya Yudha, M.Sc., Ph.D (c), Member of National National Energy Council Republic Of Indonesia

  • Rebecca Mikula-Wright, CEO the Asia Investor Group on Climate Change (AIGCC)

  • Martijn Wilder AM, Founder and CEO, Pollination Group (Climate Change Investment and Advisory)

  • Jenn-Hui Tan, Global Head of Stewardship & Sustainable Investing, Fidelity International

  • Rizky Budinanda, Group Head Investor Relation, Bank Syariah Indonesia

  • Pradana Murti, Risk Management Director, PT Sarana Multi Infrastruktur (SMI)
16.40 - 16.45Conclusion by Moderator
16.45 – 16.40Short Break

Panel 3

Understanding the Needs for an Inclusive Energy Transition Financing (Non-Project Financing, Financing of Social Cost of Energy Transition)

This session will seek to explore understanding and listing the needs for inclusive energy transition financing becomes the main topic of discussion. This session takes the opportunity to brainstorm on how we can quantify and finance the required non-project costs.

Addressing local and regional economic burdens arising from the transition away from fossil fuels and the potential closure of emissions-intensive assets as well as helping communities navigate the new opportunities are among the recommended actions that the Government shall consider.

16.50 - 16.55

Session introductory Remarks

Fabby Tumiwa, Executive Director, Institute for Essential Services Reform (IESR)

16.55 - 17.55

Remarks and Discussion from Speakers led by moderator

Moderator: Moekti Handajani Soejachmoen

Lead Co-Chairs TF3 – T20 Indonesia, Executive Director IRID)


  • Daniel Raimi, Fellow, Resource for the Future

  • Bambang Widianto, Member of the Global Council on Sustainable Development Goals

  • Dr. Filda Yusgiantoro, Chairperson, Purnomo Yusgiantoro Center (PYC)

  • Udetanshu, Principal of Carbon Free Electricity, Rocky Mountain Institute (RMI)

  • Stefanie Fairholme, Director of Investments, Global Energy Alliance for People and Planet (GEAPP)

  • Amjad Abdulla,, Head Partnership, International Renewable Energy Agency (IRENA)
  • 17.55 - 18.00Conclusion by Moderator


    18:00 – 18:15

    Closing Remarks

    Prof. Bambang P.S Brodjonegoro

    Minister of Finance Republic of Indonesia (2014 – 2016);

    Minister of National Planning (2016 – 2019);

    Minister of Research and Technology (2019 – 2021);

    Lead Co-Chairs T20 Indonesia

    18.15 - 18.20Closing by MC
    18.20 – 20.00Dinner and Networking

    Unlocking Innovative Financing Schemes and Islamic Finance to Acceleratte a Just Energy Transition in Emerging Economies Event Secretariat

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