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Indonesia has embarked on a major economic transition. It has done so by launching in 2011 the MP3EI accelerated development and investment policy which by 2025 is expected to turn Indonesia into a major Asian economic power house and top-10 economy in the world. Projected targets require up to USD 400 billion over the lifetime of this policy. More than 50% of the required investment is to originate from domestic private funders and FDI. There are concerns that MP3EI development program may be at odds with the GHG emission reduction agenda which for the same time frame aims to reduce GHG emissions by 26%, manly through managing land use change, especially the conversion of forest areas. MP3EI places heavy emphasis on land-based projects and large-scale industrial investment. In this context, MP3EI is being presented in the mass media as a form of “green” development whereby the investment projects adhere to environmental guidelines and therefore does not contradict the emission reduction plans. This presentation examines the relationship between MP3EI investments and GHG emissions reduction objectives with a focus on the province of East Kalimantan, which constitutes one of the main sub-corridors of MP3EI.