The strategy involves a steady shift from reliance on direct public expenditure to the use of incentives and regulations that will encourage private green investment. This will be achieved by defining and applying 21 priorities for green economic growth, mainly in forestry, agriculture, marine & fisheries, energy, public transportation, infrastructure, municipal and regional development. The Green Planning and Budgeting (GPB) Strategy aims to protect Indonesia from this loss and damage, whilst also reducing its GHG emissions. This will prevent Indonesia from reaching high income country (HIC) status by 2030, as currently planned. If losses and damage are not stopped and the environmental risks are ignored, Indonesia's economic growth most likely will be gradually reduced over the next 35 years, falling to about half of its 7% p.a. Green Planning & Budgeting Strategy for Indonesia's Sustainable Development 2015-2019 Indonesia's impressive record on economic growth is vulnerable to environmental risks associated with climate change and the losses, degradation and increasing damage to its natural resources.
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