CCSF UICCSF UI
Leadership

Prof. Dr. Rina Hapsari

Director, CCSF UI

Climate FinanceFiscal PolicyEnvironmental EconomicsPublic Budgeting

Environmental economist working on fiscal instruments for climate and nature, with two decades of advisory work across Indonesian ministries.

Prof. Rina Hapsari directs the Center for Climate & Sustainable Finance at Universitas Indonesia. Her research examines how fiscal policy and capital markets can be redirected towards climate and biodiversity outcomes, with particular attention to sub-national implementation.

She has advised the Ministry of Finance on climate budget tagging and served on technical committees for Indonesia's green taxonomy. Her work has been published in leading environmental economics journals and cited in national policy frameworks.

Education

2006

PhD in Environmental Economics

University of Cambridge

2001

MSc in Public Policy

National University of Singapore

1998

SE in Economics

Universitas Indonesia

Conferences & presentations

  • 2024

    Financing Indonesia's NDC: the fiscal frontier

    COP29

  • 2023

    Sub-national climate budgeting in Southeast Asia

    ADB Asia Clean Energy Forum

Awards & honours

  • 2022

    Habibie Prize for Applied Economics

Selected publications

012025
Working Paper

Where Does Results-Based Climate Finance Land? Tracing REDD+ Payments in Central Kalimantan

Adi Nugroho, Dinda Larasati & Rina Hapsari

CCSF Working Paper 2025/03

022025
Dataset

Indonesia Sub-national Climate Expenditure Dataset, 2018–2024

Reza Fadhilah & Rina Hapsari

CCSF Open Data

032025
Journal Article

Fiscal Instruments for Climate Action: Evidence from Indonesian Sub-national Budgets

Rina Hapsari, Reza Fadhilah & Daniel Oakley

Climate Policy

042024
Conference Paper

Sub-national Climate Budgeting: Lessons from Three Indonesian Provinces

Rina Hapsari & Reza Fadhilah

ADB Asia Clean Energy Forum Proceedings

Projects

All projects
Climate Budget Tagging for East Kalimantan
Ongoing
Samarinda, East Kalimantan

Climate Budget Tagging for East Kalimantan

Building a traceable climate expenditure system for the provincial government of East Kalimantan, covering budget tagging, outcome…

Funded byAsian Development Bank2024 – 2026