Minister of Cooperatives and SMEs: Business Transition to a Green Economy Grabs Up to USD10 Trillion of Business Opportunities

Jakarta: Minister of Cooperatives and SMEs Teten Masduki said the business transition to a green economy can provide great business opportunities and also create the widest possible employment opportunities. "Referring to a study from the 2020 World Economic Forum, it is estimated that the transition to a green economy can generate business opportunities worth USD 10 trillion, and create 395 million jobs in 2030," he said in a virtual G20 Indonesia Side Event entitled Green Economy and Sustainable Business, quoted as saying. Thursday, June 23, 2022. Teten also realizes that many businesses are usually reluctant to adopt a green economy, because it is seen as a complicated technical problem with high production costs. This is simply not true, where according to research, better use of resources in industry could lead to an overall savings of more than USD600 billion per year in Europe.

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