The question is, how can Indonesia take both opportunities and responsibilities forward?

On the one hand, Indonesia was praised for successfully hosting and chairing negotiations that produced the Bali Leaders’ Declaration at the end of the G20 Summit, despite the difficult global circumstances of the past 10 months.

On the other hand, COP27 was largely criticized for its failure to produce an agreement among countries to achieve the necessary global emission reduction targets. Many countries have fallen short of setting the required targets to keep global temperatures at a safe level.

While the world’s climate situation seems dire, Indonesia still has an opportunity and the capacity to lead the climate efforts, just like it did at chairing the G20 so well. It can do this by investing in nature and regenerative businesses.

Regenerative business is a new investable economic sector. While sustainable businesses try to do less harm, regenerative businesses restore the environment. Regenerative businesses add more value than what they take from nature and enhance nature’s ability to regulate the ecosystem, including carbon, which is precisely what we need in the global climate crisis. Even if we decarbonize our energy sector and go completely green, we still need to absorb emissions from the atmosphere.

Regenerative business practices can be applied across sectors.