Indonesia needs an investment of around US$250 billion to prevent climate disasters, according to the 2018 Biennial Update Report (BUR)
Depok (ANTARA) - Chairman of the Research Center for Climate Change, University of Indonesia (UI), Prof. Jatna Supriatna, stressed on collaboration among the government, private sector, and universities, as institutions with research capabilities to address climate change.

"Indonesia needs an investment of around US$250 billion to prevent climate disasters, according to the 2018 Biennial Update Report (BUR)," Supriatna noted in his statement here on Saturday.

Hence, collaboration between the government and private sector as well as universities is deemed crucial since the handling of climate change requires not only financial investment but also research investment.

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Supriatna remarked that the green climate fund for emission reduction projects amid the issue of deforestation and forest degradation is currently in the form of a result-based payment, amounting to US$300 million in 2020.

The researcher views the funding as being significant after Indonesia succeeded in overcoming deforestation, so several donors from abroad were keen to offer assistance.

"Indonesia has been very successful in tackling deforestation. In 2015, our deforestation rate was very high due to forest fires as the impact of the El Nino phenomenon," he stated.

However, in 2016, the deforestation rate had decreased significantly, so donors were interested in offering financial assistance. Among the donors, Norway, which became the biggest in this issue, perceives Indonesia as being highly committed to overcoming climate problems.

Meanwhile, the Directorate of Innovation and Science Techno, UI, earlier held an online webinar via Zoom and live on YouTube, titled “Climate Change Challenge: Preparing for Indonesia's Green and Sustainable Future” on Friday.

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