Aidy Halimanjaya, PhD

climate change finance | financial governance | sustainable finance | forest finance | energy finance | fiscal policy | monitoring and evaluation | outcome assessment | impact evaluation


I am an economist working in the area of international public finance. My research aims to make financial allocation more equitable and transparent and for fostering positive impacts of institutions on social and environmental development. I combine quantitative and qualitative methods such as statistical and political economy analysis to monitor, assess and evaluation finance spent on land use and green energy projects. I take a role as an expert in many climate projects and global programmes.


  • PhD in International Development (Economics), University of East Anglia (UK), School of International Development

  • MSc Public Administration -, Erasmus University (NL). International Management and Public Policy

  • BA Economics, Padjadjaran University (ID).

  • BA Business Administration, Parahyangan University (ID).



My research interests are in

  • climate finance allocation and distribution

  • financial governance

  • forest and land use finance

  • energy finance

  • Green fiscal policies

  • Political economy analysis

  • Research impact to policy

  • Outcome assessment

  • Impact evaluation


I am contributing to the World Bank’s climate finance work streams in Indonesia such as supporting budget tagging review and green industry guidelines and the development methodology for monitoring and tracking the impact of land-use and forestry finance on the reduction of GHG emissions: £32.5 million of UK ICF’s Forest, land use and governance (FLAG), £2 million UK Space Agency’s Peatland Assessment in South East Asia by Satellite (PASSESand Forest 2020 programme.

Research in progress

​I am currently working on:

Recent consultancies

contributed to


forest and land use programmes


years working in environment & development



Selected projects (10)

End-review of the Norad-supported project INS-16/0003 “Production and Protection Approach to Landscape Management (PALM)” by the Climate Policy Initiative (CPI) in Indonesia

The Norwegian Agency for Development Cooperation (Norad)

Evaluation of Rainforest Foundation Norway's Partner Organisation Forest Watch Indonesia

Rainforest Foundation Norway

Monitoring and Evaluation of Peatland Assessment in SE Asia by Satellite (PASSES)

Triple Line Consulting

Climate change financial reporting policy paper

Organization for Economic Co-operation and Development

Indonesia’s Green Climate Fund (GCF) country program

Deutsche Gesellschaft für Internationale Zusammenarbeit

Monitoring and Evaluation of Forest 2020 Program

Triple Line Consulting

Indonesia Climate Finance Report

United Nations Development Programme

Global subsidy initiative (GSI)

International Institute for Sustainable Development

Forest Land Use and Governance (FLAG) annual review

Triple Line Consulting

Finance Policy Options Paper

Deutsche Gesellschaft für Internationale Zusammenarbeit


Selected publications (12)

Getting forest science to policy discourse: a theory-based outcome assessment of a global research programme


Open Access

Halimanjaya, A.; Belcher, B.; Suryadarma, D.

International Forestry Review

The Political Economy of Indonesia’s Renewable Energy Sector and Its Fiscal Policy Gap


Open Access

Halimanjaya, Aidy

International Journal of Economics, Finance and Management Sciences

Evaluating policy-relevant research: lessons from a series of theory-based outcomes assessments


Open Access

Belcher, B., Suryadarma, D., & Halimanjaya, A.

Palgrave Communications

Climate mitigation finance in leveraging private investments in Indonesia.


Open Access

Halimanjaya, A.

Journal of Sustainable Finance & Investment

Enhancing Mitigation and Finance Reporting: Building on Current Experience to Meet the Paris Agreement Requirements


Open Access

Vallejo, L., S. Moarif, and A. Halimanjaya

OECD Publishing

Allocating Climate Mitigation Finance: A Comparative Analysis of Five Major Green Donors


Open Access

Halimanjaya, A

Journal of Sustainable Finance & Investment.

Climate Mitigation Finance across Developing Countries: What Are the Major Determinants?


Open Access

Halimanjaya, A.

Climate Policy

Donor characteristics and the allocation of aid to climate mitigation finance


Open Access

Halimanjaya, A., & Papyrakis, E.

Climate Change Economics

The Coordination of Climate Finance in Indonesia


Open Access

Maulidia, M., and Halimanjaya, A


Global Climate Mitigation Finance: The Determinants of Its Provision and Allocation


Open Access

Halimanjaya, A.S.

University of East Anglia

Mobilising International Climate Finance: Lessons from the Fast-Start Finance Period


Open Access

Fransen, T., S. Nakhooda, T. Kuramochi, A. Caravani, A. Prizzon, N. Shimizu, H. Tilley, A. Halimanjaya, and B. Welham

Overseas Development Institute/World Resources Institute/Institute for Global Environmental Strategies

Donor Characteristics and the Supply of Climate Change Aid


Open Access

Halimanjaya, A., and E. Papyrakis

School of International Development, Working Paper