February 23

Analysis: Indonesia to Offer Tax Perks to Companies Investing in Reforestation of Its New Capital City

By Hans Nicholas Jong

As the Indonesian government embarks on a massive push to reforest the area around the country’s new capital city in Borneo, it is turning to the private sector in hopes that investors will help supply the labor and capital needed for the program.

In 2022, President Joko Widodo, popularly known as Jokowi, voiced his intention to transform 82,891 hectares (204,800 acres) of the barren lands that dominate the area where the new capital “Nusantara” will sit into lush tropical rainforests.

Source: Mongabay (link opens in a new window)

forests, greenwashing, mining, regulations, tourism, water