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Jakarta Post

Govt to set up climate trust fund to woo donors

  • Adianto P. Simamora

    The Jakarta Post

Jakarta   /   Fri, October 24 2008   /  01:33 pm

The government has announced plans to set up a climate change trust fund to manage all financial aid from donor countries for Indonesia to mitigate the effects of global warming. On Thursday, the National Development Planning Board (Bappenas) said it would work with the Finance Ministry to jointly manage the fund. "We plan to pool all grants and loans for climate change provided by donors into the trust fund," Basah Hernowo, Bappenas director of forestry and water resource conservation, told The Jakarta Post. Currently, most financial aid from donors goes directly to the sectors it is aimed at. "We hope to launch the trust fund before a climate change conference in Poland in December," Basah said. He added the trust fund would disburse the money to the relevant ministries or institutions working for the mitigation and adaptation to...