KLHK Affirms RBP Funds Used For Emission Reduction Performance

ILLUSTRATION BETWEEN

The Ministry of Environment and Forestry (KLHK) stated that Indonesia is one of the largest payment recipient countries based on performance (result based payment/RBP) from efforts to suppress deforestation which results are used for the work of reducing greenhouse gas emissions.

"Indonesia has a very important role in the global forum related to REDD+ and is currently one of the largest recipient countries of the RESULT based payment," said Director General of Climate Change Control of the Ministry of Environment and Forestry, Laksmi D animalthis at the RBP REDD+ National Meeting in 2024 as reported by ANTARA, Wednesday, February 21.

Indonesia as one of the countries that has a wide tropical natural forest as well as has a high potential threat of deforestation and forest degradation, he said, managed to show good performance in maintaining natural forests.

Laksmi explained that Indonesia has carried out various partnerships at the global and national levels in the context of the implementation of Reducing Emission from Deforestation and Forest Degradation (REDD+). Indonesia also continues to voice support for developed countries funding for developing countries that preserve their forests, as regulated in Article 5 of the Paris Agreement.

Indonesia has received payments for 20.3 million tons of equivalent CO2 (CO2e) emissions from the 2014-2016 performance result from the Green Climate Fund of 103.8 million US dollars (around Rp1.6 trillion).

RBP has also received from the results of bilateral cooperation with Norway to reduce emissions of 11.7 million tons of CO2e in 2016-2017 and 20 million tons of CO2e in 2017-2019. In October 2022, Norway paid performance-based funding of US$56 million or around Rp876 billion. Payments were also made of US$100 million or equivalent to Rp1.56 trillion from Norway in December 2023.

The third payment was completed until January amounting to 156 million US dollars or around Rp. 2.4 trillion.

There is also a JAMBI BioCarbon Fund for a reduction of 14 million tons of CO2e in the 2020-2025 period for a reduction of 14 million tons of CO2e which is still in the negotiation stage and the East Kalimantan FCPF Carbon Fund for a reduction of 22 million tons of CO2e in the 2019-2024 period worth 110 million US dollars or equivalent to Rp1.7 trillion.

"At this year's national meeting, we will ensure that the utilization of the RBP REDD + fund, especially those that have been received by Indonesia, will be utilized optimally for activities that will provide the performance of reducing greenhouse gas emissions and increasing the capacity of the central government, local governments and all stakeholders to perform more to reduce greenhouse gas emissions," said Laksmi.