Indonesia Now Has Green Calculator Volume II, Capable of Calculating Carbon Emissions and More
Jakarta, CNBC Indonesia - Bank Indonesia (BI) has launched the Green Calculator Version 2. This Green Calculator Version 2 was developed as an improvement on Version 1.0, with broader coverage, more comprehensive methodology, and easier usage.
The Green Calculator Version 2 represents a step in strengthening sustainable finance, which is no longer an option but a strategic necessity to drive economic resilience amid climate change challenges. This strengthening requires credible, standardised, reliable, and comparable carbon emissions data.
This development is increasingly relevant as banking efforts to calculate carbon emissions grow. A Bank Indonesia survey of 105 banks in 2025 showed that the majority of banks have independently calculated emissions, with the Green Calculator being the most widely used tool.
“The Green Calculator version 2 becomes a strategic instrument in improving the consistency and standardisation of carbon emissions calculations,” stated Senior Deputy Governor of Bank Indonesia, Destry Damayanti, at the launch of the Green Calculator Version 2 at Bank Indonesia, Jakarta, on Tuesday (12/5/2026).
The Green Calculator version 2 is expected to help businesses and financial institutions calculate carbon emissions more accurately and consistently as a basis for sustainability reporting, green financing development, and climate risk management.
The launch was also attended by the Ministry of Finance, Financial Services Authority, Coordinating Ministry for Food, Indonesian Employers’ Association (APINDO), as well as banking partners and academics.
Deputy Minister of Finance, Juda Agung, emphasised the importance of the Green Calculator as a step in strengthening sustainable finance. Juda hopes the Green Calculator is not only used to meet reporting needs but also integrated into risk management.
“We cannot control something that we do not measure. Therefore, the Green Calculator is not just a tool for calculating, but also a tool to help control carbon emissions,” he said.
From a fiscal perspective, Juda said, the Government has orchestrated the State Budget (APBN) to address climate change issues, including through various tax incentives such as tax allowances, tax holidays, as well as customs and tax facilities to encourage green economic development.
From a supervisory perspective, the Executive Head of Banking Supervision at OJK, Dian Ediana Rae, affirmed that climate change can pose financial risks to the financial sector.
As the linkage between economic resilience and ecological resilience becomes tighter, banks are encouraged to measure climate risks and integrate them into business strategies and risk management. This makes strengthening carbon emissions measurement an important element in supporting more comprehensive risk management.
Sustainable credit disbursement continues to grow positively and still has room for further promotion. In December 2025, green motor vehicle credit (KKB) grew by 70.08% (year-on-year), while green home ownership credit (KPR) also continues to develop in line with increasing attention from businesses, including SMEs, towards financing that supports a low-carbon economy.
This development is accompanied by maintained credit quality, reflected in the low non-performing loan (NPL) ratio for green KKB at 0.30% and NPL for green KPR at 0.84%. Bank Indonesia also encourages strengthening green financing through the Macroprudential Liquidity Incentive Policy (KLM) by providing incentives to banks that disburse credit/financing to the SME, Cooperative, Inclusion, and Sustainability sectors up to a maximum of 1% of the Minimum Statutory Reserves (GWM).
According to BI data, the Green Calculator now produces increasingly quality emissions data, aligned with international Greenhouse Gas (GHG) Protocol standards. This initiative is in line with efforts to achieve the Second Nationally Determined Contribution 2035 and Net Zero Emission Indonesia 2060.
The development was carried out by the Green Calculator Working Group (Pokja) involving Bank Indonesia along with authorities and institutions, including the Ministry of Finance, Financial Services Authority, Coordinating Ministry for Food, Coordinating Ministry for Infrastructure, Ministry of Transportation and Regional Development, Ministry of Environment and Forestry, Ministry of National Development Planning/Bappenas, Ministry of Transportation, Perbanas, Indonesian Transportation Society, Indonesia Research Institute for Decarbonization, National Research and Innovation Agency, World Wide Fund (WWF) Indonesia, and the National Greenhouse Gas Methodology Panel Team.