Jakarta, November 30, 2025 – A bicycle parade was held by Enter Nusantara along with the #BersihkanBankmu coalition during Car Free Day. The parade stopped in front of the offices of three national banks, demanding a halt to the financing of dirty electricity, such as the coal mining industry and coal-fired power plants (PLTU). The banking sector holds a crucial role in supporting Indonesia’s climate targets and energy transition, which requires collaboration and funding.
This parade demonstrates that a significant move by the financial sector will be very impactful for the future of the earth and humanity. Globally, the direction of funding for the renewable energy sector shows an increase. Unfortunately, findings from the #BersihkanBankmu report released in July 2025 revealed that Himbara banks, such as Bank Mandiri, disbursed US$3.2 billion, BRI US$809.6 million, and BNI US$719.7 million to the coal industry during the 2021-2024 period.
“We are cycling during CFD not just for exercise. We want to show and inform the public about what they rarely know about money. Their money that is in Himbara banks. This bicycle parade is a reminder from us as customers and youth to Himbara banks that we reject the notion that coal financing is just a business matter,” said Action Coordinator of Enter Nusantara.
“Bank funding for the dirty fossil fuel industry is a direct threat to the air we breathe, the water we drink, the soil that supports plants, and our continued existence as a nation. Every pedal stroke today is a moral pressure, and we demand that Himbara banks immediately stop financing the destruction of the earth and allocate a larger portion to the green track or green financing. Do not use customers’ money as fuel for the climate crisis and jeopardize the future of young people!” Ramadhan continued.
According to the report “Southeast Asia Fossil Fuel Divestment Scorecard 2025” by the Center for Energy, Ecology, and Development (CEED), released at the end of May, national banks in the Southeast Asian region contributed 12 percent of the total coal financing during 2016–2024, or about USD 3.96 billion. This figure makes Indonesia one of the countries with the highest contribution, alongside the Philippines and Vietnam.
“The transition to greener energy requires funding transparency and collaboration across sectors. Therefore, the OJK, as the banking regulator, needs to take strategic steps in formulating policies that are aligned with the Paris Agreement and consistent with climate targets. The earth is getting hotter, and the climate crisis impacts we currently feel, such as extreme weather, flash floods, landslides, and drought, are the result of reckless and misguided investment,” said Tasya, Community and Engagement Climate Ranger Jakarta.
Read more about bank funding for the dirty fossil fuel industry in this report: https://bit.ly/SurveiPersepsiNasabahMuda_BersihkanBankmu
