Questioning Banking Commitments in Clean Energy Financing

EPISODE 1

As a country that ratified the Paris Agreement, Indonesia has submitted a nationally determined contributions (NDCs) document which was updated in the Enhanced NDC 2022 document to reduce emissions by 31,89 percent with its own efforts and 43,20 percent with international support in 2030. To carry out this commitment, Indonesia needs very large funds. So, not only the role of the government, this is where the vital role of banking in supporting the energy transition program is really needed.

However, in reality, the flow of financing for energy projects by banks continues to flow heavily towards fossil energy. Of all banks in Indonesia during 2016-2022, dirty energy project financing is still very dominant, reaching 95 percent of total energy project financing by banks.

As banking customers, are we going to keep quiet about this condition? Then what can we do? Let's continue watching the next episode and together take a role as a driving force in encouraging banks to be more responsible in disbursing their financing.

EPISODE 2

Steam Power Plants (PLTU) are one category of dirty energy that is still a favorite and receives massive financing support from banks. In fact, we know that PLTUs are the biggest contributor to greenhouse gas emissions which are the main cause of the climate crisis.

How long will this continue to happen? Isn't it time for banks as capital-owning entities to start taking part in the process of accelerating the renewable energy transition? The domination of financing for dirty energy projects must be stopped immediately, banks must start to be wise and responsible in channeling their customers' funds.

Come on, let's continue watching the video series of collaboration between the ResponsiBank Coalition and Watchdoc and together take a role as a driving force in encouraging banks to be more responsible in disbursing their financing.

EPISODE 3

Of the large amount of money circulating in society, banks take part in managing the amount, which is not small, namely around IDR 7.000 trillion. We know that money managed by banks is not only saved but also invested. However, unfortunately, investments made by banks for energy projects are mostly channeled to finance dirty energy such as coal-fired power plants which are clearly harmful to society.

Through this video, the ResponsiBank Indonesia Coalition together with WatchDoc want to invite all of us banking customers who care about the environment to take part in the WATCH YOUR MONEY, WATCH YOUR BANK movement.

The method is easy, we can open the responsibank.id website to see to what extent the bank where we save our money has a commitment and concern for the environment and the renewable energy transition process in Indonesia. Through the ResponsiBank Indonesia website, we can immediately respond and convey our aspirations to banking institutions so that they will be wiser in distributing our money.

Together with ResponsiBank Indonesia and WatchDoc, let's WATCH YOUR MONEY, WATCH YOUR BANK!!!