UK-Backed Climate Finance Accelerator Launched in Indonesian

RRI.CO.ID, Jakarta - Indonesia has officially joined the global Climate Finance Accelerator (CFA) program, funded by the UK government, with the launch of its first proposal call on Tuesday, February 3, 2026. The initiative aims to connect climate-focused businesses with investors and strengthen Indonesia’s efforts toward achieving its net-zero target by 2060.

In a press release from the British Embassy in Jakarta, UK Ambassador to Indonesia Dominic Jermey highlighted the program’s track record, noting that CFA has already supported more than 200 businesses worldwide and unlocked over USD 400 million (approximately IDR 6.7 trillion) in investment deals.

“I am delighted that this highly successful program is now present and launching its first cycle in Indonesia. We recognize that climate businesses seeking financing often face challenges in becoming investment-ready,” Jermey said, as quoted by Antara.

He emphasized Indonesia’s role as a key climate partner and a major player in global climate action, with a growing pool of talented entrepreneurs. “We hope to provide support to selected businesses so they can secure investment,” he added.

The opening of proposals marks a significant milestone following the launch of the UK–Indonesia Strategic Partnership by Prime Minister Keir Starmer and President Prabowo Subianto in London. 

“This partnership is reaffirmed through the accelerator, which benefits innovators in Indonesia as well as UK and global investors, driving sustainable growth and strengthening cooperation in climate and sustainable finance. CFA is a tangible example of this vision,” Jermey said.

CFA is a global technical assistance program designed to help countries implement their Nationally Determined Contributions (NDCs) by bringing together investors to develop and finance large-scale climate projects. 

In Indonesia, the program aligns with national climate goals and the national target to reach net zero by 2060. With climate financing needs estimated at USD 472.6 billion, Indonesia is seen as one of Southeast Asia’s most promising markets for low-carbon investment solutions.

By bridging technical readiness and financial viability, CFA helps transform climate ambitions into investment-ready projects, delivering measurable impact and long-term resilience.

The proposal window runs from February 2 to March 9, 2026. Eligible businesses must seek a minimum investment of USD 3 million (around IDR 50 billion). Those selected will receive three to four months of support, including group sessions and one-on-one mentoring from experts in finance, technology, and gender, disability, and inclusion, aimed at improving their chances of securing investment.

Around ten businesses are expected to be chosen from sectors such as energy, waste, agriculture, transport, industrial processes and product use, as well as forestry and land use. ***