Indonesia needs 247 billion USD to achieve climate change goals

June 14, 2021 | 11:12

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Indonesia needs funding of 247 billion USD or approximately 3.461 trillion rupiah to meet its climate-change commitments under the Paris Agreement for the 2018-2030 period, according to the country’s Second Biennial Update Report 2018.

indonesia needs 247 billion usd to achieve climate change goals

Minister of Finance Sri Mulyani Indrawati. (Photo: Instagram @smindrawati)

Jakatar - Indonesia needs funding of 247 billion USD or approximately 3.461 trillion rupiah to meet its climate-change commitments under the Paris Agreement for the 2018-2030 period, according to the country’s Second Biennial Update Report 2018.

At a webinar on climate change challenge held on June 11, Minister of Finance Sri Mulyani Indrawati said that the nation will need at least 266.2 trillion rupiah per year.

According to the updated report, the sum allocated to Indonesia's climate change programme accounts for 4.1 percent of the annual state budget, equivalent to about 86.7 trillion rupiah. Therefore, the government is making efforts to mobilise all public and private sectors to participate in realising their commitments to climate change response via waste management and the promotion of energy saving habits.

Indrawati emphasised the serious commitment of the government to slowing climate change through the implementation of an awareness raising and community education programme in 11 localities across the country. This year, the government plans to expand the programme to six other localities.

Indonesia has submitted its commitment to the agreement through Nationally Determined Contributions (NDCs) of reducing greenhouse gas emissions by 29 percent with their own efforts and up to 41 percent with international support for 2020 – 2030.

VNA

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