Climate-change funding in 2011 amounted to Rp 8.4t
The Jakarta Post
The Jakarta Post
An assessment jointly conducted by the Finance Ministry's fiscal policy agency and the Climate Policy Initiative (CPI) reveals that Indonesia's public funding for climate change initiatives in 2011 was Rp 8.4 trillion (US$951 million).
The ministry's head of multilateral funding and climate change policy center, Irfa Ampri, said the assessment report showed that both national and international public resources had played a role that complemented each other in supporting national priorities.
Irfa said developing a management framework which was effective in promoting partnerships between national and international development partners could increase access to funding sources while at the same time national ownership remained a priority.
The Indonesian government contributed the bigger portion of the climate-change funding by channeling at least Rp 5.5 trillion or 66 percent of the total funding. Meanwhile, international development partners provided additional funding of Rp 2.9 trillion.
Overall, Irfa said, the funding from both domestic and international sources had been in line with prioritized sectors and Indonesia's national plans on climate change, such as the National Action Plan for Greenhouse Gas Emission Reduction (RAN-GRK).
Several sectors with the highest potential for releasing carbon emissions had received the largest allocations of the climate-change funding in 2011. They included forestry, which received 41 percent of total funds, energy (19 percent), agriculture and animal husbandry (10 percent), transportation (9 percent) and trash and waste water (7 percent).
The report said that the funding was used to help meet Indonesia's target of reducing greenhouse gas emissions by 26 percent by 2020 through business-as-usual schemes, or by 41 percent with support from international development partners.
CPI director Jane Wilkinson said public funding for activities related to climate change in Indonesia had run well.
'We predict that the funding will continue to increase along with the implementation of policies which support the implementation of activities related to climate change,' she said as reported by Antara. (ebf)
You might also like :
- Here are 10 of the most populated cities in the world
- Of legs and Pancasila: Two petitions battle it out over BLACKPINK ad
- Real Crazy Rich Asian wedding to cost $100 million
- Indonesia plans to make 30 percent biodiesel blend mandatory, studies B100
- Jakarta sinking fast: Experts
- Don’t panic: Indonesian ‘cendol’ different from Singaporean ‘cendol’
- 21 tons of trash flows into Jakarta Bay daily: Researcher
- Indonesia launches One Map Policy to resolve land conflicts
- Wika announces development contracts in 10 countries
- Shopee BLACKPINK commercial too salacious, KPI says