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Australian initiative invests $8m in Indonesia’s climate fund
Australian Development Investments (ADI) has committed US$8 million to AC Ventures’ Climate and Sustainability Fund in Indonesia.
The investment aims to support renewable energy, electric mobility, energy efficiency, waste management, circular economy initiatives, and climate-smart agriculture.
The fund targets a reduction of 10 megatons of CO2 emissions.
This marks ADI’s first investment under Kinetik, the Australia-Indonesia Climate, Renewable Energy, and Infrastructure Partnership.
The announcement coincided with a visit to Indonesia by an Australian investor delegation, which included representatives from Macquarie Group, ANZ Bank, and Aspen Medical.
Over the past decade, Australian companies have invested more than US$4.3 billion in Indonesia, with annual investments exceeding US$500 million.
Recent AC Ventures developments
| Timeline |
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23-Jan-2024 💰 AC Ventures hits $210m in final close of fifth fund
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19-Sep-2023 🌱 AC Ventures leads new round of agritech firm Koltiva
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13-Jul-2023 🌱 AC Ventures, BCG peg green growth opportunity in Indonesia at $400b
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14-Oct-2022 ♻️ AC Ventures co-leads $5m round of Indonesian waste management firm
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