Kadin Sets Five Priorities for Climate Action and Sustainable Growth

JAKARTA, Jakartaweekly.com — The Indonesian Chamber of Commerce and Industry (Kadin Indonesia) has set five priorities to promote climate action and sustainable growth amid global energy challenges.

Kadin Indonesia Chairman Anindya Bakrie said the five priorities represent Kadin’s contribution to the climate action and sustainable growth agenda. The priorities were presented at the opening of the Indonesia International Sustainability Forum (ISF) 2026.

“First, we need to continue accelerating the energy transition to strengthen energy security. Second, we need to develop high-integrity carbon markets. Third, support Indonesian companies in their journey toward net zero. Fourth, advance the circular economy and waste-to-energy initiatives. And finally, promote sustainable forestry,” Anindya said in Jakarta on Tuesday, October 6, 2026.

Anindya said energy security had once again become a key global agenda in 2026. The recent conflict in the Middle East, he said, served as a reminder of the vulnerability of global energy markets.

The disruption was quickly reflected in oil prices. Anindya said oil prices in 2026 had risen from US$65 per barrel to US$110 per barrel.

The situation in the Strait of Hormuz has also restricted tanker movements through one of the world’s key energy routes. According to Anindya, Indonesia views the situation as a serious issue.

He said Indonesia’s fuel consumption reached around 1.6 million barrels per day, while domestic oil production stood at only around 600,000 barrels per day. This left a gap of around 1 million barrels per day.

“Despite these global challenges, Indonesia has an opportunity to strengthen its energy security by accelerating electrification, increasing renewable energy, and reducing its dependence on imported fuels,” he said.

He said President Prabowo had emphasized that strengthening energy self-reliance should be at the core of Indonesia’s response to the current global uncertainty.

At Kadin, Anindya said the organization believed the President’s direction on Indonesia Incorporated, under which the government and business community work together, was the path that should be pursued.

Through the Kadin Global Engagement Office, Kadin connects Indonesia’s national and business priorities with the global economy, multilateral institutions, and major bilateral economies.

Anindya said the strengthening of such cooperation was also reflected in the President’s various overseas visits. Throughout these visits, there were 50 presidential visits, 46 business forums and roundtable meetings, and the signing of 35 memoranda of understanding.

According to Anindya, engagement with the United Kingdom, the World Economic Forum, Japan, France, South Korea, Thailand, ASEAN, and APEC was carried out to position Indonesian businesses at the forefront of efforts to help shape the future of the global economy.

Meanwhile, Anindya said investment in the global energy transition continued to increase despite geopolitical tensions. Global investment in the energy transition reached a record US$2.3 trillion in 2025.

Global spending on electric transportation also reached nearly US$900 billion in 2025, up from US$741 billion.

Anindya said Kadin had advanced the net-zero agenda through a number of initiatives. For example, Kadin’s net-zero agenda grew from 70 to 100 members in 2026.

On the carbon agenda, the ASEAN Alliance on Carbon Markets and the Carbon Knowledge Hub have also contributed at the global level, including across ASEAN, APEC, and the G20.

On the nature agenda, the Generative Forest Business Hub has moved from the conceptual stage toward implementation by supporting three pilot forestry business projects in 2026.

Meanwhile, the Indonesian Jobs and Skills Accelerator found that 23 out of 34 companies viewed the green transition as a near-term priority. More than 80% of these companies also provided work-based training.

On financing, Kadin and Bluebird Net launched the Indonesian Transition Factbook in 2025.

Anindya said Kadin and the government also continued to advance the agenda through various international forums, ranging from the World Economic Forum in Switzerland and London Climate Action Week in the United Kingdom to New York Climate Week in the United States, held on the sidelines of the United Nations General Assembly.

“Thank you to our government partners, knowledge partners, sponsors, development partners, speakers, participating organizations, and the entire organizing team for making ISF a platform for collaboration and action,” Anindya said.