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Jakarta Post

Climate Solutions: Climate financing: The devil is in the details

  • Fitrian Ardiansyah

Jakarta   /   Tue, May 11 2010   /  08:51 am

The President’s September 2009 announcement the country would cut its greenhouse gas (GHG) emissions has placed Indonesia in the limelight.Many countries and multilateral organizations have been lining up to help Indonesia reach its objective.Australia, Norway, the UK, the US, Germany, the Netherlands, Japan, France and Denmark have promised to help Indonesia address climate change, notably in the forestry and energy sectors, as well as in activities involving land use.These countries, along with others, have also taken a growing interest in helping Indonesia, given it is home to the world’s third largest forest area and has substantially increased its energy demand.Adequate, sufficient and sustainable financing from developed countries and multilateral platforms is required to significantly reduce GHG emissions in Indonesia. Financial support from these entities is also necessary to...