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View all search resultsRI secures grant for fighting deforestation
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A protected area of the Rawa Singkil wildlife reserve, part of the Leuser Ecosystem, in Trumon, South Aceh, is burned to make way for a new palm oil plantation on March 3, 2018. (AFP/Januar)
I
ndonesia is expected to receive another grant for its efforts to reduce carbon emissions and deforestation, despite the numerous devastating forest and land fires of the past few years.
The government is set to receive a grant of US$103.8 million from the Green Climate Fund (GCF), after an announcement at the 26th meeting of the fund’s administrators from Aug. 18 to 21.
The grant is to be awarded through the results-based payment scheme of the Reducing Emissions from Deforestation and Forest Degradation (REDD+) initiative based on Indonesia’s claim of having avoided 20.3 million tons of carbon dioxide emissions between 2014 and 2016.
“This is further proof of Indonesia’s commitment to mitigating climate change,” Environment and Forestry Minister Siti Nurbaya Bakar said during a virtual press conference on Thursday.
Under the 2016 Paris Agreement, the landmark pact of the United Nations Framework Convention on Climate Change (UNFCCC), Indonesia vowed to reduce its emissions by 29 percent against a business as usual projection by 2030, and up to 41 percent with international assistance.
Based on its second Biennial Update Report (BUR-2) on the Environment in 2018, the government would need at least $247.2 billion to be able to achieve its emissions reduction target.
Over the past five years, about 3.9 percent of the annual state budget, or Rp 89.6 trillion ($6.13 billion), has been allocated for climate change mitigation.
