Navigating SDG 8 in the decarbonizing landscape of emerging economies: a case study of Indonesia

Abstract

Abstract The Sustainable Development Goal 8, “Decent Work and Economic Growth,” (SDG8) has crucial significance for developing nations as they grapple with the dual challenges of fostering economic growth and addressing climate change, as they are often hindered by financial constraints in advancing low-carbon transitions. Centered on SDG 8, particularly in developing countries, this paper takes Indonesia as a case study to delineate challenges and propose insights for an optimal green growth strategy. Challenges encompass fostering enduring, inclusive, and sustainable economic growth while meeting the heightened demand for electricity arising from economic priorities and strategies. The Government of Indonesia envisions low-carbon transition activities that create a substantial and dynamic workforce while preserving natural resources and the environment. The government wishes to leverage international green finance opportunities to mobilize economically stimulating capital while concurrently strengthening domestic investment capacities for future needs. In conclusion, this paper not only analyzes current challenges but also outlines prospective pathways to achieve sustainability.