This Technical Assistance Partnership (TAP) initiative benefits from the involvement of two Canadian experts; one on sustainability and the plastic recycling industry and another on innovative public and blended financing. They work with the National Coordinating Ministry for Maritime Affairs and Investment (CMMAI).
The initiative researches, designs, and develops workable financing models that enable local governments and financing partners to acquire and operate more efficient, effective, and innovative waste management technologies and systems. This is an essential milestone in transitioning to a circular economy by 2040, a key aspiration for Indonesia. Initially, the initiative targeted plastic waste leakage – a considerable problem for Indonesia that affects its aquaculture and tourism sectors, both significant contributors to its GDP. The scope of the assignment has since expanded to include general waste management and treatment systems. Various waste management and treatment systems are under consideration, including waste to energy (WtE). Equally, a variety of financing models are also being developed, including private-public partnerships, blended financing, and impact investing.
The technical and financial models under development are concentrated on case studies in the Badung and Denpasar Regencies. However, efforts are being made to make the models sufficiently generic to offer Indonesia’s municipalities choices they could adjust/modify to suit their specific conditions, requirements and financial positions.