JAKARTA – The government through the Ministry of Finance (Kemenkeu) assesses that the increasing frequency and impact of climate-related disasters in recent years has underlined the increasing economic, environmental and social costs of climate change.
Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu, said this situation prompted the formation of a comprehensive green policy package scheme. It is for the sake of climate resilience that it is still able to increase growth and create job opportunities.
"The involvement of the Indonesian government is proof of its active role in efforts to increase resilience to disasters globally," he said in an official statement at the Global Platform for Disaster Risk Reduction (GPDRR) forum in Bali, Saturday, May 28.
According to Febrio, the meeting in Bali this time resulted in strategic points of the Sendai Framework which is a disaster risk mitigation framework that has been implemented since 2015 and is targeted for completion in 2030. countries are ready for the validation process, and six countries have been validated out of a total of 195 countries.
“We still need to increase international cooperation, critical infrastructure, and service targets. For that, we need to strengthen collaboration through this global platform to achieve the target," he said.
Furthermore, Febrio revealed that the majority of members are still far from finished, but Indonesia has made various progress in the last seven years for disaster risk management.
“One of Indonesia's achievements that was used as an example in this meeting was the establishment of a Disaster Risk Financing and Insurance (DRFI) Strategy. The DRFI strategy contains a mix of instruments that allow the government to minimize disaster risk, such as setting up a disaster risk funding strategy through the APBN/APBD, as well as transferring the risk to a third party,” he explained.
Sri Mulyani's subordinate also explained the DRFI strategy to change disaster risk financing from reactive to more proactive.
"That is, we are trying to reduce dependence on the state budget and more on other financing instruments. It also means that we are committed to investing more in pre-disaster activities,” he said.
For information, until now the government has insured 2,112 buildings of all ministries and institutions with a total insurance value of around Rp. 17.05 trillion.
Meanwhile, the Global Platform for Disaster Risk Reduction (GPDRR) forum is an initiative of the UN Office on Disaster Risk Reduction (UNDRR) which is held every three years involving 182 countries.
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