The West Papua commodity includes a wide variety of things, including the region’s natural resources. However, West Papua needs to gain profit from natural resources. And the province does this through deforestation as well as unsustainable palm oil production. And we all know how destructive all of those things could be for West Papua.
The Indonesian government wanted to do better for West Papua, making efforts to promote green investment. This kind of sustainable investment will help thousands of West Papuan families to create livelihoods while also following the principles of sustainable development.
Green Investment from Private Sectors
The green investment aims to persuade private sectors to make brilliant and sustainable investments in West Papua. The Indonesian government wants the private sectors to invest in a variety of low-carbon developments. These developments include seaweed, nutmeg, cocoa, and coffee.
Since the developments of these commodities do not involve deforestation, they can help Indonesia gain profit without damaging the environment in West Papua. The green investment can potentially increase the revenue to $200 million, helping many families across Papua and West Papua.
The West Papua economy has always relied on unsustainable productions. However, with the green investment, this will hopefully change for the better. That way, West Papua can still be productive and contribute to the country while following the important principles of sustainable development.
Investments to Small Medium Enterprises
The Indonesian government is hoping that the private sectors do not only focus on huge investments in large enterprises. However, small to medium enterprises should not be forgotten. The development of small and medium enterprises is also important for the overall development of West Papua’s economy.
A Huge Role in Sustainable Development
Green investment is a crucial investment when it comes to achieving sustainable development. Why? Well, simply because sustainable development in West Papua will require a substantial amount of capital, which is what the green investment could offer. It is an investment that can help protect the West Papua commodity.
The Indonesian government states that the country needs $4.7 billion if it wants to achieve the Sustainable Development Goals. Of course, 62% of the capital is provided by the Indonesian government. And that leaves the remaining to be contributed from a variety of other sources, including the green investment.
Papua and Forest Protection
The Papua government is also concerned about the forests in both Papua and West Papua. They want to commit to being able to protect the forests. As much as 33% of the land outside of the forest in Papua is used for commodity development, which means Papua has a huge potential.
By utilizing the areas that the region has, Papua and West Papua can improve their economic growth to increase the community welfare. Of course, all of these things should be done while also preserving the forests and lands in West Papua.
Attracting Investments
West Papua has also made efforts to attract more investments in the region. The government wants to improve as many as 5 areas of development in West Papua. These areas include skilled human resources, logistic development, infrastructure, low-carbon development initiatives, and security.
By improving those 5 crucial areas, a lot of investments will come to West Papua. And this can be beneficial for every party that is involved in the development of West Papua. Thanks to the many commodity potentials that West Papua has, the region along with the Indonesian government can work its best to improve the economy in this region.
West Papua is an area full of potentials. Through this article, you now understand why the green investment can become a huge lifesaver to the West Papua commodity.
