This means the Indonesian nation is obliged to reduce emissionsJakarta (ANTARA) - The Indonesian government will optimally utilize the climate fund obtained from Norway under a letter of intent (LoI) to achieve the target of greenhouse gas emissions under a nationally determined contribution (NDC) scheme.
Under Law No. 16 of 2016, the Indonesian government has ratified the Paris Agreement or the United Nations Framework Convention on Climate Change (UNFCCC) to achieve the target of reducing greenhouse gas emissions by 29 percent on a self-reliant basis, or 41 percent through international assistance, Vice Minister of the Environment and Forestry Ministry Alue Dohong remarked during a press conference marking a decade of Indonesia-Norway cooperation in Jakarta on Wednesday.
"This means the Indonesian nation is obliged to reduce emissions," he noted.
The cooperation with Norway will certainly assist Indonesia in achieving the target of lowering greenhouse gas emissions, he stated.
Looking ahead, the government will encourage more intensive cooperation with other countries in reducing greenhouse gas emissions by keeping down the deforestation and degradation rates, especially when it came to the result-based payment (RBP) budget from the climate fund, he noted.
Moreover, the funding will be utilized to support reforestation and improve rural development through the provision of seedlings under the efforts to boost carbon absorption in the country and reforestation of peatland areas.
The government is in the process of drafting a carbon price regulation.
"It is expected to be enforced soon, so we can use it for a variety of mechanisms to achieve the target," he added.
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Translator: Virna P Setyorini/Suharto
Editor: Fardah Assegaf
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