CONCURRENT OUTCOME SESSIONS

OUTCOME SESSION 01

FINANCING A JUST ENERGY TRANSITION

To accelerate a just transition to a net-zero power sector, Indonesia is leading the design of blended finance solutions including SDG Indonesia One. It is now developing a Just Energy Transition Partnership (JETP) and Energy Transition Mechanism (ETM) to unlock capital to accelerate coal decommissioning, scale up the use of renewables and ensure the transition is affordable and accessible for all. This involves bringing in fitfor-purpose international support potentially including carbon finance. This session will focus on optimising climate finance transactions for the energy transition and deep dive on case studies and financial mechanisms which have worked as well as discussing the Bali NZE target, as outlined in the New Economy Era Bali Kerthi roadmap, as a protype to kickstart the transition across the archipelagic nation.

Government Patron

H.E. Nani Hendiarti, Deputy of Environment and Forestry, Coordinating Ministry for Maritime Affairs and Investment, Indonesia

OUTCOME SESSION 02

REGENERATIVE NATURE, FOOD, AND FORESTRY BUSINESS

Nature-positive and regenerative business models are crucial to tackling global warming, protecting species against extinction, creating jobs and building social and economic resilience to future shocks. But they are still in their infancy. The challenge is to get to scale. Right now, companies have expressed their interest and looked for opportunities to transition to net zero emissions, including in the land use sector. Transitioning to a more sustainable food and land use system will require capital to be reallocated from the “old” food and land use economy into the new one — with over $300bn new investment needed every year. The good news is that such investment could generate $4.5 trillion annually in new economic opportunities by 2030. Join this Session to learn about 1 Participants to move to their selected outcome/breakout sessions. 2 More details on outcome sessions can be seen on THK website. pg. 6 Indonesia’s commitment towards regenerative nature, food and forestry practices in the country and to explore potential pathways to mobilise large-scale capital through best practices across the world

Government Patron

H.E. Alue Dohong, Deputy Minister of Environment and Forestry, Indonesia

OUTCOME SESSION 03

SUSTAINABLE TRAVEL & TOURISM AND HISTORICAL URBAN LANDSCAPES

The travel and tourism sector is tremendously valuable to society, the economy and nature. In 2019, ~330 million people worked in travel & tourism worldwide (10% of all jobs), supporting more than a billion additional livelihoods. Travel & tourism (T&T) represents an estimated 10.3% of global GDP. 78% of that is generated in G20 countries, or 86% when including the European Union. Travel & tourism is global, yet concentrated nature makes the G20 the forum of choice for this agenda. Interventions by the world’s leading nations can move the needle. This transition requires deep coordination between the Global North and the Global South. Join this session to hear the first-ever global, fully-costed strategy for the whole travel and tourism industry, capturing opportunities that are missed when looking at T&T’s closely interlinked sub-sectors in isolation. The session will also showcase a model of blended financing for historical urban landscapes, namely Serangan Village in Bali. Join this session to hear more the role T&T can play in post-covid recovery, resilience, and decarbonisation in G20 countries and beyond and highlight national best practices.

Government Patron

H.E. Sandiaga Uno, Minister of Tourism and Creative Economy, Indonesia (tbc)

BLUE HALO S LAUNCH

The Government of Indonesia (GoI) through the Ministry of Maritime Affairs and Fisheries (KKP) has committed to establishing Marine Protected Areas (MPAs) in 10% of Indonesia’s seas by 2030. However, ensuring effective protection in MPAs across more than 17,000 islands is costly. The ” Blue Halo S” ‘blended finance’ mechanism aims to fill the existing funding gap within the GoI. The “Blue Halo S” blended financing mechanism revolves around the strategic use of different public funding (e. g., commercial or impact investment, Multilateral Development Banks (MDB), and philanthropy). It aims to mobilize commercial capital flows and private investment to finance development activities that have economic, social, and environmental impacts. The “Blue Halo S” will officially be launched at the Tri Hita Karana Forum and Ocean 20 (O20) Day and aims to bring together all relevant stakeholders to show support for the Blue Halo-S initiative.

H.E. Luhut B. Pandjaitan, Coordinating Minister of Maritime Affairs and Investment, Indonesia; THK Forum Co-host	H.E. Sakti Wahyu Trenggono, Minister of Marine Affairs and Fisheries	Dr German Velasquez, Director, Global Climate Fund Mitigation and Adaptation Division, Green Climate Fund
M. Sanjayan, President, Conservation International	Meizani Irmadhiany, Senior Vice President & Executive Chair of Konservasi Indonesia	Ray Dalio, OceanX (invited)

CLOSING PLENARY SESSION

To ‘call to action’ for the participants in delivering climate action and the SDGs, building momentum towards ASEAN 2023 and the Archipelagic Island States agenda. The session will also involve an open invitation for participants to support the Global Blended Finance Alliance (GBF). This session will consist of closing remarks from the THK Co-host and ASEAN 2023 Chair representative from the Government of Indonesia, and leadership from multilateral / international organisations.

Jacob Duer, CEO of the Alliance to End Plastic Waste	Carly Wishart, Managing Director, Data Center Planning & Delivery for Asia-Pacific, Japan & China, Amazon Web Services (AWS)	Raphael Auerbach, Founder Capcade / THK Blended Finance Platform

Official Closing Remark

Delivering Climate Action and the SDGs
toward ASEAN 2023, Archipelagic Island States and G20

H. E. Airlangga Hartarto, Coordinating Minister of Economic Affairs, Indonesia / THK Forum Co-host	H. E. Budi Sadikin, Minister of Health, Indonesia	Dato Lim Jock Hoi, Secretary General ASEAN Inviting Pledge Support for Global Blended Finance Alliance (GBF)

Inviting Pledge Support for Global Blended Finance Alliance (GBF)