Two Countries to Overtake Indonesia If No Transformation Is Made

Tuesday, 02 November 2021 – 23:23 GMT+7
Two Countries to Overtake Indonesia If No Transformation Is Made - JPNN.com English
Illustration of technology use / Credit: Ricardo, JPNN

"One of [the studies] is low-carbon development. This concrete action is called a circular economy," said Vivi.

She explained that the implementation of a circular economy must be carried out in five priority sectors, consisting of food and beverages, wholesale and retail trade, textiles, electronic equipment, and construction.

With that, continued Vivi, in 2030, it was predicted that the GDP would increase by Rp 593 to Rp 638 trillion, creating 4.4 million (net) jobs, 75 percent of which could be for women.

Then, it is also increasing household savings by 9 percent, reducing sectoral waste generation by 18 to 52 percent compared to the business-as usual (BaU) scenario, and reducing CO2e emissions by 126 million tons compared to the BaU scenario.

"A reduction in water use will be up to 6.3 billion cubic meters, compared to the BaU scenario," she explained.

According to Vivi, companies can contribute to the achievement of the SDGs by investing in communities, including marginalized groups in their value chain, paying fair prices, and applying standards to suppliers.

Not only that, they should also understand the impact of the business on the environment, save energy, and implement sustainable procurement.

In fact, said Vivi, 4 out of 10 companies or 40 percent of the 250 largest global companies have adopted the principles of a sustainable business.

Without economic transformation, Indonesia's per capita income will be overtaken by the Philippines in 2037 and Vietnam in 2043.