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Thursday, 17 December 2020 11:36

Indonesia has the opportunity to receive 110 million US dollars from REDD+, in East Kalimantan

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Indonesia has the opportunity to receive 110 million US dollars from REDD+, in East Kalimantan

 

 

 

Indonesia has the opportunity to receive results-based payments of up to 110 million US$ or around 1.5 trillion Rupiah from the World Bank's program to reduce 22 million tonnes of carbon dioxide emissions from deforestation and forest degradation plus (REDD +) in East Kalimantan. Acting Head of Research and Development Center for Socio-Economic Policy and Climate Change of the Ministry of Environment and Forestry Choirul Achmad in his press statement as reported by Antara in Jakarta, Tuesday (Dec 15), said that Indonesia was ready to implement a performance-based payment program resulting from reducing carbon emissions from deforestation and forest degradation through The World Bank's Forest Carbon Partnership Facilities-Carbon Fund (FCPF-CF) Program. The readiness for the implementation phase is a follow-up to the electronic signing of the Emission Reduction Payment Agreement (ERPA) document, between the Ministry of Environment and Forestry, represented by Secretary General Bambang Hendroyono, and the Country Director of World Bank Indonesia-Timor Leste Regional One, Kahkonen on November 27.

Choirul Achmad said that the FCPF Readiness Grant has been going on for a very long time since 2011. In 2015, East Kalimantan Province was chosen as the location for the FCPF Carbon Fund Pilot Project and up to 2020 it had passed various stages of fulfilling the very strict requirements requested by the World Bank.

During the FCPF Readiness Fund phase, the Ministry of Environment and Forestry and the Provincial Government of East Kalimantan submitted an Emission Reduction Program Document (ERPD) and received approval in February 2019. In addition, various REDD+ tools have been prepared in East Kalimantan Province such as Measurement, Monitoring and Reporting (MMR), safeguards and benefit sharing mechanisms, capacity building, strengthening of institution and preparation for the implementation.

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