Press Release & Statement

IBC Presents Policy Package Recommendations to President-Vice President-Elect to Strengthen Development Agenda of 2024-2029

Jakarta – The Indonesian Business Council (IBC) handed over a white paper entitled 15 Policy Package Recommendations to Support the Development Agenda of the President and Vice President of Indonesia 2024-2029. The recommendations were presented by IBC Chief Executive Officer Sofyan Djalil to Expert Council of Prabowo-Gibran National Campaign Team (TKN) in an event held in Jakarta, Thursday (22/8). Sofyan

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IBC Presented 8 Recommendations for Carbon Market Development to Indonesian Financial Authority (OJK)

Jakarta, 19 March 2024 – The association of Indonesian private sector leaders, Indonesian Business Council (IBC) submitted recommendations for the development of the Indonesian carbon market to the Financial Services Authority (OJK). IBC Chief Executive Officer (CEO) Sofyan Djalil stated the carbon market is expected to become an important component for increasing Indonesia’s competitiveness.  “A successful carbon market will depend

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Statement of the CEO on the Founding of IBC

Jakarta, 27 October 2023 Chief Executive Officer of Indonesian Business Council (IBC) Mr. Sofyan Djalil’s statement regarding the establishment of the organization: The Indonesian business community recognizes the ever-evolving dynamics and complexities within the global economy, driven especially by advancements and challenges in digital technology, international trade, climate change, geopolitical shifts, sustainable economy and the growing trend in ESG adoption.

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The Cost of De-carbonization of the Electricity Sector

De-carbonization scenario of the electricity sector towards Net-Zero Emissions (NZE) can be achieved with an additional cost of around 5-26 percent compared to the cost of scenario where no greenhouse gas (GHG) reduction target is set. This estimate is the result of an analysis of various levels of GHG reduction ambition and the readiness of Indonesia’s resources.

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