Asia Climate Forum

19 - 21 June 2024 Sands Expo & Convention Centre Singapore


Financialising risk is no panacea for Indonesia’s flood woes

Posted 7th May 2023

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Flood events routinely displace more people across Indonesia than any other disaster, accounting for 82 per cent of all Indonesian disaster-related displacements in 2021. Jakarta’s 2020 New Year’s Day flood brought the most intense rainfall to the city since records began — the resulting flooding killed 43 residents and displaced more than 400,000 people.

Across Indonesia, 63 million people live in flood-prone areas. One of the most vulnerable nations to climate change, Indonesia is experiencing increasingly unpredictable monsoon seasons marked by higher precipitation. Indonesia’s Meteorology, Climatology and Geophysical Agency anticipates that Indonesia will likely experience high rain precipitation in 2023 as climate change drives flooding and other hydrometeorological events.

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