Australia’s premier impact investment entity, Australian Development Investments (ADI), has pledged an $8 million anchor investment into AC Ventures’ newly launched Climate and Sustainability Fund in Indonesia. The strategic investment aims to accelerate the country’s transition towards a more sustainable future by supporting initiatives in key sectors such as renewable energy, electric mobility, energy efficiency, waste management, the circular economy, and climate-smart agriculture.
In an official statement released by the Australian Embassy in Indonesia on Monday, the initiative is projected to help avoid 10 megatons of carbon dioxide emissions, underscoring the fund’s significant environmental impact.
This marks ADI’s inaugural investment through KINETIK, the Australia-Indonesia Climate, Renewable Energy, and Infrastructure Partnership, which seeks to foster long-term, impactful partnerships in clean energy and infrastructure development.
Gita Kamath, Chargé d’Affaires at the Australian Embassy in Indonesia, emphasized the dual objectives of the investment: driving financial returns while generating measurable climate, gender, and development benefits. “This partnership empowers AC Ventures to pinpoint, invest in, and nurture businesses leading the charge in Indonesia’s energy transition,” she stated.
Helen Wong, Managing Partner at AC Ventures, expressed enthusiasm over the partnership, highlighting it as a clear sign of increasing global recognition of climate-conscious investments. “By working together, we can drive tangible change and create a more sustainable world,” Wong remarked.
The announcement coincides with an Australian delegation’s visit to Indonesia, featuring prominent investors such as Macquarie Group, ANZ Bank, and Aspen Medical, among others, representing sectors ranging from healthcare and logistics to infrastructure and energy.
Jennifer Westacott, Australia’s Business Champion for Indonesia, stressed the vast potential for Australian investors in the Indonesian market, noting, “There are numerous avenues to engage, including impact-driven venture funds like AC Ventures.”
Over the past decade, Australian companies have contributed more than $4.3 billion in investments to Indonesia, and currently, this figure exceeds $500 million annually.
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