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ChinaCountryClimateandDevelopmentReporti
PublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorizedPublicDisclosureAuthorized
EASTASIA
PACIFIC
INDONESIA
WorldBankGroup
April,2023
I
INDONESIACOUNTRYCLIMATEANDDEVELOPMENTREPORT
?2023TheWorldBankGroup
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II
EASTASIAPACIFIC
INDONESIA
COUNTRY
CLIMATEAND
DEVELOPMENT
REPORT
APRIL,2023
CONTENTS
III
INDONESIACOUNTRYCLIMATEANDDEVELOPMENTREPORT
012138
Climate&Developmentin
Indonesia
Commitments
&Capacities
Enabling
Economic
Policies&
Institutions
59
Economic
ImpactsofClimateActions
77
Climate&
Development
Policy
Framework
IV
FIGURES
Figure1
ImportantDevelopmentTransitions 3
Figure2
AccelerationinIncomeConvergence 3
Figure3
GHGEmissionsHighbutSlowing 4
Figure4
PerCapitaGHGEmissionsStartingtoDecline 4
Figure5
PerCapitaEmissionsRemainBelowThoseofMajorDevelopedEconomiesandinLineWithDevelopingCountryPeers 5
Figure6
GrowthBecomingLessCarbonIntensive 5
Figure7
SomeSignsofRelativeDecoupling 5
Figure8SourcesofIndonesia'sEmissionsoverTime
7
Figure9
TheRateofDeforestationHasFalleninRecentYears 8
Figure10
CoalintheEnergyMixhasIncreased 8
Figure11
EnergySupplyDrivenbyElectricity 9
Figure12CoalDominatesPowerGeneration
9
Figure13
ManufacturingEmissionsIncreasedalongwithEfficiency 9
Figure14
PeatlandAgriculture:CostsandBenefits 10
Figure15
IncomeLossfromPrematureDeaths 10
Figure16
RisingIncidenceofClimate-relatedDisasters 12
Figure17
ClimateChangewillReduceAgriculturalYieldsWithoutAdaptiveMeasures 15
Figure18Deforestationextentperyear(mil.ha)
15
Figure19
OilPalmLivelihoodsareConcentratedinKalimantanandSumatraLowlands 17
Figure20
LendingExposureofIndonesianBankstoTransition-sensitiveSectorsisHigh 18
Figure21
Indonesia’sStockMarketsareWeighedTowardEmissions-exposedSectors 18
Figure22
ReducingSupplyof,andDemandfor,Carbon-intensiveResources 19
Figure23
PotentialtoAccelerateConvergenceinPerCapitaWealth 20
Figure24
IncludingThroughFasterGrowthinHumanCapitalStock 20
Figure25
PerCapitaEmissionsofMajorEconomiesunderStatedTargets 23
Figure26
AbsoluteEmissionsofMajorEconomiesunderStatedTargets 23
Figure27
2030CommitmentsPerCapita:Top-10Emitters 24
Figure28
PossiblePost-2030PathwaysforIndonesia 24
Figure29
ConditionalandUnconditional2030NDCTargets 25
Figure30
PlannedSectoralContributionsto2030NDCTargets 25
Figure31
TheLandUsePolicyFramework:AChronology 28
Figure32
RenewablesasaShareofTotalEnergyConsumption 29
Figure33
EmissionsfromLandCoverChangesinRapidlyDevelopingCities 34
Figure34
EmissionsfromProvisionofUrbanServices 34
Figure35
HighbutDecreasingFossilFuelSupport 41
Figure36
MostSupportisGearedtoConsumers 41
Figure37
MostSupportGoesTowardPetroleum 41
Figure38
ResultinginLowPetrolEnd-userPrices 41
V
INDONESIACOUNTRYCLIMATEANDDEVELOPMENTREPORT
Figure39
AndLowResidentialElectricityPrices 41
Figure40
ExpectedContingentLiabilitiesfromNaturalDisasters 43
Figure41
GreenDebtMarketSize 49
Figure42
MaturityofGreenDebt 49
Figure43
TypesofGreenDebt 49
Figure44
UseofGreenDebtProceeds 49
Figure45
TariffsonGreenGoodsareLow 53
Figure46
ButNTMscanbeBurdensome 53
Figure47
ContributingtoHigherImportCosts 53
Figure48
AndLossofCompetitiveness 53
Figure49
GoodSignsonthePrevalenceofSomeGreenPracticesinIndonesia 55
Figure50
ForeignandLargeFirmshaveHigherGreenPracticeScoresinIndonesia 55
Figure51
IndonesianFirmsPerformWellRelativetoFirmsinSelectedECACountries 55
Figure52
ElectricityandEnergyUseareWeaklyAssociatedwithGreenPractices 55
Figure53
ReasonsforFirms'(Lackof)AdoptionofEnergyEfficiencyMeasures 56
Figure54
PaybackPeriodsforEnergyEfficiencyMeasures 56
Figure55
GreenTasksbyOccupationCategory 58
Figure56
WomenareUnder-representedinGreenJobs 58
Figure57
OverviewofModelledScenarios 61
Figure58
PoliciestoReduceLand-basedEmissionshaveSignificantEconomicCo-benefits 64
Figure59
AcceleratedDecarbonizationisConsistentwithNetZeroEmissionsBefore2060 65
Figure60
ThisWouldRequire50percentHigherInvestmentComparedtoBAU 65
Figure61RenewableGenerationCapacityIncreasesStronglyafter2030
65
Figure62FossilFuelsRemainintheGenerationMixbutatGreatlyReducedLevelsthrough2040
65
Figure63
AchievingDecarbonizationObjectives 69
Figure64
WithPotentialPositiveGrowthPayoffs 69
Figure65
ForeignInvestmentscanAlleviateTrade-offsinMoreAmbitiousScenarios 70
Figure66
ThereWillBeGainsandLossesAcrossSectors 70
Figure67
ImpactsonEmployment 72
Figure68
ImpactonHouseholdExpenditure 72
Figure69
DriversofExpenditureChange 72
Figure70
ImpactonPrices 72
Figure71
ImpactonExpenditurebyWorkerType 72
Figure72
ImpactonPoverty 72
Figure73
TradeImpactsofNDCsareSlightlyNegative 74
Figure74
PartlyDrivenbyDecliningManufacturingExports 74
Figure75
BuildingBlocksfortheTransition 77
Figure76
PrioritizationApproachforRecommendations 77
Figure77
TimeframeandExpectedImpactofSupply-(S)andDemand-side(D)MitigationMeasures 86
Figure78
TimeframeandExpectedImpactofAdaptationMeasures 90
Figure79
TimeframeandExpectedImpactofEnablingConditionMeasures 97
VI
ACKNOWLEDGMENTS
ThisCountryClimateandDevelopmentReport(CCDR)wasacollaborativeeffortoftheWorldBank,InternationalFinanceCorporation(IFC),andMulti-lateralInsuranceandGuaranteeAgency(MIGA)undertheoverallguidanceofManuelaV.Ferro(WorldBankRegionalVicePresident),AlfonsoGarciaMora(IFCRegionalVicePresident),EthiopisTafara(MIGAVicePresidentandChiefRisk,LegalandAdminOfficer),SatuKristiinaKahkonen(WorldBankCountryDirectorforIndonesiaandTimor-Leste),HassanZaman(WorldBankRegionalDirector,EquitableGrowth,FinanceandInstitutions),BenoitBosquet(WorldBankRegionalDirector,SustainableDevelopment),Kim-SeeLim(IFCDirector),MerliMargaretBaroudi(MIGADirector,EconomicsandSustainability),AadityaMattoo(ChiefEconomist,EAP),LarsChristianMoller(WorldBankPracticeManager,MacroeconomicsTradeandInvestment),AnnJeannetteGlauber(WorldBankPracticeManager,Environment,NaturalResources,andtheBlueEconomy),JohnNasir(IFCPracticeManager),andBolormaaAmgaabazar(OperationsManagerforIndonesiaandTimor-Leste).
TheCCDRwaspreparedbyacoreteamledbyHabibRab(LeadEconomist)andDavidKaczan(Sr.Economist)andincludingAbdoulayeSy(LeadEcon-omist),AchimSchmillen(ProgramLeader,HumanDevelopment),AndhytaFirsellyUtami(EnvironmentalEconomist),AndredeAquino(ProgramLeader,SustainableDevelopment),BryceQuillin(Sr.Economist),BipulSingh(Sr.En-ergySpecialist),ClaudiaVasquez(ProgramLeader,Infrastructure),EugeniuCroitor(MIGARiskManagementOfficer),FrancescoStrobbe(LeadFinancialSectorSpecialist),GauravTrivedi(FinancialSectorConsultant),HasanDudu(Sr.Economist),HectorPollitt(Sr.Economist),MuthukumaraS.Mani(LeadEnvironmentalEconomist),RalphVanDoorn(Sr.Economist),ReidinarWardoyo(CommunicationsSpecialist),StephanClaudeFredericGarnier(ProgramLead-er,Infrastructure),TehminaNawab(StrategyOfficer),UtzPape(Sr.Economist),YulitaSariSoepardjo(ProgramAssistant),andZahraKarimDidarali(ClimateChangeConsultant).TheCCDRsynthesizesfindingscontainedinanalyticalworkundertakenbyanextendedtechnicalteam(listedbelow).
Detailedfeedback,suggestions,andcommentswerereceivedfrompeerreview-ers:RichardDamania(WorldBankChiefEconomist,SustainableDevelopment),VivekPathak(IFCDirector,ClimateBusiness),SomikV.Lall(LeadEconomist),
ApurvaSanghi(LeadEconomist),GiovanniRuta(LeadEnvironmentalEcono-mist),andFernandoBlanco(IFCPrincipalEconomist).CommentswerealsogratefullyreceivedfromAhmadBaihaki(Sr.FisheriesConsultant),AhmadouMoustaphaNdiaye(Director,EquitableGrowth,Finance,andInstitutions),Al-exanderLotsch(SeniorClimateChangeSpecialist),AndyMason(LeadEcono-mist),AnnaFruttero(Sr.Economist),ChristianSchoder(Jr.ProfessionalOfficer),ClaudioRojas(OperationsOfficer),CraigMeisner(Sr.Economist),DanielHalim
(Economist),DinaUmali-Deininger(PracticeManager),DuongLe(Economist),EthelSennhauser(Director,StrategyandOperations),FlorentMcIsaac(Econ-
VII
INDONESIACOUNTRYCLIMATEANDDEVELOPMENTREPORT
omist),FrancescadeNicola(Sr.Economist),GeorgesBiancoDarido(LeadUrbanTransportSpecialist),GuillermoDiaz-Fanas(PublicPrivatePartnershipsSpecialist),HelenGall(PublicPrivatePartnershipsConsultant),IraDorband(Jr.ProfessionalOfficer),JamesP.Walsh(IMF),JasonRuss(Sr.Economist),JennyChao(Sr.PublicPrivatePartnershipsSpecialist),JonathanLindsay(LeadCounsel),JukkaStrand(Sr.InfrastructureFinanceSpecialist),JulieRieger(Chief
Counsel),KhafiWeekes(PublicPrivatePartnershipsConsultant),LestariBoedi-ono(Sr.ExternalAffairsOfficer),MasudMozammel(Sr.ExternalAffairsOfficer),MustafaZakirHussain(Manager),NickKeyes(Sr.ExternalAffairsOfficer),OlivierMahul(PracticeManager),PabloFajnzylber(GlobalDirector,Infrastructure),PaoloMiguelLazaroTabuena(InvestmentAnalyst),PennyWilliams(Program
Manager),RoumeenIslam(EconomicAdvisor),SamuelFreije-Rodriguez(LeadEconomist),StephaneHallegatte(Sr.ClimateChangeAdvisor),SumatiRajput(FinancialSectorSpecialist),VictorBundiMosoti(LeadCounsel),andYoominLee(Jr.ProfessionalOfficer).LayoutdesignbyKamalMuhammed.
SupportfortheCCDRfromtheAustralianDepartmentofForeignAffairsandTradethroughtheAustralia-WorldBankIndonesiaPartnership(ABIP)isgrate-fullyacknowledged.Thissupportcontributedtoresearchintospecializedtopics(seebackgroundanalyses,below)aswellassynthesisanddissemination.Theland-relatedanalysiswassupportedbytheSustainableLandManagementMulti-DonorTrustFund(SLM-MDTF),supportedbytheGovernmentsofNorwayandAustralia.Land-relatedanalysisbuildsonamodeldevelopedaspartoftheWorldBank’sGlobalProgramonSustainability(GPS).FinancialsupportofthedonorstoGPSisgratefullyacknowledged,includingtheUK’sDepartmentforEnvironment,Food&RuralAffairs(DEFRA);Germany’sFederalMinistryforEconomicCooperationandDevelopment(BMZ);andSwitzerland’sStateSecretariatforEconomicAffairs(SECO).FinancialandtechnicalsupportbytheEnergySectorManagementAssistanceProgram(ESMAP)forthepowersectoranalysisisalsogratefullyacknowledged.
BACKGROUNDANALYSIS
ThefollowinganalysissupportedtheCCDR:
AdaptiveSocialProtection,HumanCapital,andClimateChange:IdentifyingPolicyPrioritiesforIndonesia.ByAshaWilliams(Sr.SocialProtectionSpecialist)GraciaHadiwidjaja(SocialProtectionSpecialist),RabiaAli(Sr.Economist),andImamSetiawan(Economist).
Carbonuse,wealthaccumulation,andenvironmentalqualityinthegrowthprocessinIndonesia.ByAhyaIhsan(Sr.Economist),DwiEndahAbriningrum(ResearchAnalyst),KhudadadChattha(YoungProfessional),andIndiraMaulaniHapsari(Economist).
CitiesandClimateChange:Indonesiancitiesattheforefrontofclimatesmartdevelopment.ByGayatriSingh(Sr.UrbanDevelopmentSpecialist),TiffanyMinhTran(UrbanDevelopmentConsultant),ApoorvaNarayanShenvi(ClimateChangeSpecialist),AlexandrinaPlatonova-Oquab(SeniorClimateChangeSpecialist),DaoHHarrison(Sr.HousingSpecialist),andDenadaStotteleIshmi(UrbanDevelopmentConsultant).
ClimateChangeVulnerabilityProfilesandLocalAdaptationStrategiesinIndonesia.ByJamesT.Erbaugh(ResearchAssociate,DartmouthCollege),ArunAgrawal(Professor,UniversityofMichigan),EmcetO.Tas(Sr.SocialDevelopmentSpecialist),andHannahJ.Duncan
(SocialDevelopmentConsultant).
ClimateChange:RisksandOpportunitiesfortheFinancialSectorinIndonesia.ByFrancescoStrobbe(LeadFinancialSectorEconomist),MartijnRegelink(Sr.FinancialSpecialist),OwenNie(FinancialSectorEconomist),NepomukDunz(Jr.ProfessionalOfficer),RachelMok(ClimateChangeSpecialist),NepomukDunz(Jr.ProfessionalOfficer),DorraBerraies(ClimateChangeConsultant),GauravTrivedi(FinancialSectorConsultant),andTehminaNawab(StrategyOfficer).
VIII
ClimateSmartLivestockTechnicalNote;andClimateSmartRiceTechnicalNote.ByVikasChoudhary(Sr.AgricultureSpecialist)andAlikaTuwo(AgricultureSpecialist).
DecarbonizationandthePrivateSector.ByAlexandreHugoLaure(SrPrivateSectorSpecialist),AufaDoarest(PrivateSectorSpecialist),TrangThuTran(SrEconomist),MariemMalouche(SrEconomist),andAlvaroGonzalez(LeadEconomist).
DecarbonizingUrbanMobilityinIndonesia.ByNupurGupta(Sr.UrbanTransportSpecialist),ElenaY.Chesheva(Sr.TransportSpecialist);AmiliaAldian(TransportEngineer),andTomásHerrero(TransportConsultant).
DistributionalImpactsofClimateChangeinIndonesia.ByUtzPape(Sr.Economist),EnglandRhysCan(Consultant),AnissaRahmawati(Consultant),CitraKumala(Consultant),andVirgiAgitaSari(Economist).
FiscalRisksfromclimateshocks.ByRichardPoulter(DisasterRiskManagementConsultant)andBenediktSigner(ProgramCoordinator).
GenderDimensionsinClimateChangeinIndonesia.ByDewiNovirianti(SocialDevelopmentConsultant),KateAnnaShanahan(Sr.SocialDevelopmentSpecialist),andEmcetOktayTas(Sr.SocialDevelopmentSpecialist).
IndonesiaClimateChangeInstitutionalAssessment.ByArunArya(Sr.PublicSectorManagementSpecialist),ErwinAriadharma(Sr.PublicSectorManagementSpecialist),KhudadadChattha(YoungProfessional),HariPurnomo(Sr.PublicSectorSpecialist),AhmedZakiFahmi(Economist),UnggulSuprayitno(Sr.FinancialManagementSpecialist),andAndhytaUtami(EnvironmentalEconomist).
Indonesia’sGreenInternationalCompetitivenessandGreenTrade;GreenGoodsTrade-AFirmLevelPerspective;andTheRoleofTradePoliciesinIndonesia’sGreenTransition.ByCsillaLakatos(Sr.Economist),AngellaFaithMontfaucon(Economist),VickyChemutai(YoungProfessional),andBayuAgnimaruto(TradeConsultant).
JustTransitionintheTransitionAwayfromCoal.ByMichaelStanley(LeadOilandGasSpecialist),BaladaAmor(Sr.MiningSpecialist),andJasminahWoodhouse(EnergyandExtractivesConsultant).
Low-carbonTransitioninthePowerSector(publishedinIndonesiaEconomicProspects,December2021).ByStephaneGarnier(LeadEnergySpecialist),SabineCornieti(EnergySpecialist),ClaireNicolas(Sr.EnergyEconomist),HasanDudu(Sr.Economist),andAbdoulayeSy(LeadEconomist).
ManagingIndonesia’sForestsandLandsforClimate,HealthandWealth.ByDavidBrown(ForestryConsultant),TimBrown(Sr.NaturalResourcesManagementSpecialist),PasqualeLucioScandizzo(UniversityofRomeTorVergata),DanieleCufari(UniversityofRomeTorVergata),DavidKaczan(Sr.Economist),AnnaLeenaEmiliaHenttinen(NaturalResourcesConsultant),AndhytaUtami(EnvironmentalEconomist),IwanGunawan(Sr.NaturalResourcesManagementSpecialist),andAndredeAquino(Sr.NaturalResourcesManagementSpecialist).
PreparingIndonesia’sWorkforceforGreenJobs.ByJosefinaPosadas(Sr.Economist),JuliaGranata(SocialProtectionConsultant),GraceHadiwidjaja(SocialProtectionSpecialist),andHarsaSatrio(SocialProtectionConsultant).
RoleofCarbonPricinginAchievingIndonesia’sClimateCommitments.ByAndhytaUtami(EnvironmentalEconomist).
TheClimate-WaterNexusinIndonesia:WaterResourceVulnerabilities,CoastalHazards,andGreenhouseGasEmissions.ByMicahFisher(WaterConsultant),AdilahKhalis(WaterConsultant),andIrmaSetiono(Sr.WaterSupplyandSanitationSpecialist).
GreenFiscalPolicyInstruments.ByRalphVanDoorn(SrEconomist),AnthonyObeyesekere(Economist),andDwiEndahAbriningrum(Re-searchAnalyst).
AligningtheStateBudgettoClimatePrioritiesinIndonesia.ByArunArya(Sr.PublicSectorSpecialist),Dr.MuhamadChatibBasri(NDCEconomicAdviserfortheGovernmentofIndonesia),MelisaSudirman(SrCarbonFinanceConsultant),AndhytaFirsellyUtami(Environ-mentalEconomist),RalphvanDoorn(SrEconomist),CutDianAgustina(Economist),HariPurnomo(SeniorPublicSectorSpecialist),MuhammadKhudadadChattha(YoungProfessional),BambangSuharnoko(SrEconomist),andRetnoHandini(PFMConsultant).
IX
INDONESIACOUNTRYCLIMATEANDDEVELOPMENTREPORT
ABBREVIATIONSANDACRONYMS
ADS
AcceleratedDecarbonizationScenario
AMDAL
AnalisisMengenaiDampakLingkungan(EnvironmentalImpactAssessment)
ASI
Avoid-Shift-Improve
ASP
AdaptiveSocialProtection
BAU
Business-as-usual
BMKG
BadanMeteorologi,Klimatologi,danGeofisika(Meteorology,Climatology,andGeophysicsAgency)
BNPB
BadanNasionalPenanggulanganBencana(National
DisasterManagementAuthority)
BPDLH
BadanPengelolaDanaLingkunganHidup(EnvironmentFundManagementAgency)
BPS
BadanPusatStatistik(StatisticsIndonesia)
BRGM
BadanRestorasiGambutdanMangrove(PeatandMangroveRestorationAgency)
BSP
Benefit-sharingPlan
CBAM
CarbonBorderAdjustmentMechanism
CCDR
CountryClimateandDevelopmentReport
CDP
CarbonDisclosureProject
CGE
ComputableGeneralEquilibrium
CNG
CompressedNaturalGas
CSA
ClimateSmartAgriculture
DMO
DomesticMarketObligation
DRIP
DisasterResilienceImprovementProgram
DTKS
DataTerpaduKesejahteraanSosial(IntegratedSocialWelfareDatabase)
E&S
EnvironmentalandSocial
EGA
EnvironmentalGoodsAgreement
EIP
Eco-IndustrialPark
EM-DAT
EmergencyEventsDatabase
EPC
Engineering,Procurement,andConstruction
ESG
Environmental,Social,andGovernance
ETS
EmissionsTradingScheme
EU
EuropeanUnion
EV
ElectricVehicle
FAO
FoodandAgricultureOrganization
FCPF
ForestCarbonPartnershipFacility
FDI
ForeignDirectInvestment
FOLU
ForestryandOtherLandUses
GDP
GrossDomesticProduct
GGP
GreenGrowthPlan
GHG
GreenhouseGas
HCV
HighConservationValue
IDM
IndeksDesaMembangun(DevelopingVillageIndex)
IDS
IntermediateDecarbonizationScenario
IEA
InternationalEnergyAgency
IFC
InternationalFinanceCorporation
ILO
InternationalLabourOrganization
IPP
IndependentPowerProducer
JKNJaminanKesehatanNasional(NationalHealthInsurance)
KUR
KreditUsahaRakyat(ABusinessCreditSchemeforMicro,Small,andMediumEnterprises)
LCDI
LowCarbonDevelopmentInitiative
LCR
LocalContentRequirement
LGST
LuxuryGoodsandServicesTax
LTS-LCCR
Long-TermStrategyforLowCarbonandClimateResilience
LTV
Loan-to-valuation
LUCF
LandUseChangeandForestry
MoA
MinistryofAgriculture
MoEF
MinistryofEnvironmentandForestry
MoEMR
MinistryofEnergyandMineralResources
MoF
MinistryofFinance
MoH
MinistryofHealth
MoI
MinistryofIndustry
MRV
Monitoring,Reporting,andVerification
MSoE
MinistryofState-ownedEnterprises
ND-GAIN
NotreDame-GlobalAdaptationIndex
NDC
NationallyDeterminedContribution
NPL
Non-performingLoan
NTM
Non-tariffMeasure
NUMP
NationalUrbanMobilityPolicy
OJK
OtoritasJasaKeuangan(FinancialServicesAuthority)
PFB
PoolingFundBencana(PoolingFundforDisasters)
PKH
ProgramKeluargaHarapan(FamilyHopeProgram)
PLN
PerusahaanListrikNegara(State-ownedelectricitycompany)
PPA
PowerPurchaseAgreement
PPP
PublicPrivatePartnership
PROKLIM
ProgramKampungIklim(ClimateVillageProgram)
PSO
PublicServiceObligation
PV
PresentValue
RIL
ReducedImpactLogging
RKP
RencanaKerjaPemerintah(GovernmentWorkPlan)
RPJMN
RencanaPembangunanJangkaMenengahNasional
(NationalMedium-TermDevelopmentPlan)
RPJPN
RencanaPembangunanJangkaPanjangNasional(NationalLong-TermDevelopmentPlan)
RTRW
RencanaTataRuangWilayah(DistrictSpatialPlan)
RUEN
RencanaUmumEnergiNasional(NationalEnergyPlan)
RUPTL
RencanaUsahaPenyediaanTenagaListrik(BusinessPlanforElectricityProvision)
SEZ
SpecialEconomicZone
SNI
StandarNasionalIndonesia(IndonesiaNationalStandard)
SoE
State-ownedEnterprise
SSE
SustainableStockExchange
TORA
TanahObyekReformaAgraria(NationalLandReformProgram)
UNDP
UnitedNationsDevelopmentProgramme
UNFCCCUnitedNationsFrameworkConventiononClimateChange
1
CLIMATE&
DEVELOPMENTININDONESIA
PAGE
1—20
BOROBUDUR
?YOGYAKARTA
1
CLIMATE&DEVELOPMENTININDONESIA3
FIGURE1
1.1
2Thisreportusesastandardbasketofpeerswheredataallows.PeersareNigeria,China,India,Ukraine,Thailand,thePhilippines,Mexico,theArabRepub-licofEgypt,theRussianFederation,andBrazil,
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