Global Climate Solution Stocks
2023 List

Biru Energi is an Indonesian firm that engages in a number of business lines. Their clearest climate solution is a biofuel product made from waste coconut husk. But they generate more revenue from their other businesses which are not clear climate solutions, so we exclude them.

TBK is an Indonesian mining company that focuses on the mining and production of nickel, a critical mineral for the energy transition.

Merdeka Battery Materials is a mining company that extracts nickel and cobalt in Indonesia, two minerals that are both critical for the energy transition and scaling up of batteries for storing electricity.

PT Ifishdeco is an Indonesian miner and distributor of nickel, a critical mineral for the energy transition.

PT Tembaga Mulia Semanan sells copper and aluminum rods. While copper is a critical mineral, copper is not, and to be included in this list, a company must generate 100% of its revenue from critical minerals.

PT Sepeda Bersama is a large distributor of bicycles in Indonesia. While our climate benefits the more who ride bikes, they do not seem to do much for electric bikes which more traditionally replace fossil fuels for commutes.

Gaya Abadi Sempurna is an Indonesian producer of electric mopeds and bikes as well as LED light bulbs, both of which are important climate solutions.

PT Barito does some work in geothermal but makes the majority of its revenue from fossil fuels.

Semacom is an Indonesian provider of electrical panels in Indonesia which are necessary for expanding the grid and the "electrification of everything." They also sell EV charging stations and renewable energy.

Pertamina Geothermal is a pure play developer of Geothermal energy operating from and in Indonesia. They use the heat of the earth to generate electricity.

Sumi Indo Kabel is an Indonesian cable manufacturer that makes cables for a variety of purposes, only some of which are used for the electrical grid system.

PT Voksel Electric generates most of its revenue from building and selling power cables in Indonesia that can be used to expand the grid.

Bukaka Teknik is an Indonesian infrastructure company. While it generates some of its revenue from installing power lines, it generates more from its other non-climate solutions..

Kabelindo Murni is an Indonesian manufacturer of electrical cables. While some of their products are used for grid expansion, most are geared for low voltage situations like the internal wiring of a building for electricity.

PT Jembo Cable is an Indonesian manufacturer of power cables. While it also makes telecom cables, it generates most of its revenue from cables that are used to expand the electrical grid.

PT KMI Wire and Cable is a provider of cables for electrical transmission is Indonesia that enable the expansion of the electricity grid.

PT Asahimas Flat Glass is a major manufacturer of high end glass that helps buildings still have windows but remain well-insulated.

Terregra is a renewable energy developer in Indonesia that specializes in major and mini hydropower systems. They are now also moving into solar power.

Arkora Hydro makes hydropower plants that capture the power of flowing water to generate electricity, thus enabling hydropower without needing to build a dam.

PT VKTR is an Indonesian manufacturer of electric buses, electric motorcycles, and charging stations.