We cannot only rely on the government's budget and conventional funding sourcesJakarta (ANTARA) - Funding for environmental management and encouraging sustainable development as part of the climate handling strategy requires various sources, Climate Change Handling Director General at the Environment and Forestry Ministry Laksmi Dhewanthi stated.
"We cannot only rely on the government's budget and conventional funding sources," Dhewanthi noted during the STOCKHOLM +50 virtual public discussion on Monday.
"We need other sources, other fundings," she remarked.
At a discussion on mobilization of resources to support environmental protection, she explained that resources outside of the government, such as entrepreneurs, capital market, and the people, are necessary to encourage sustainable development.
In addition to the mobilization of resources, understanding and planning are deemed necessary to achieve the climate target that had been set based on the required resources, Dhewanthi stated.
"This funding strategy is not just a strategy to obtain as much money as possible but also to obtain or prepare an activity plan design and financing need plan," she explained.
"We have to ensure that we know exactly what we need and know precisely how to measure the achievement of these targets," she added.
In addition, accurate funding partners or sources are necessary.
Several demand fulfillment strategies for environmental protection and management include bolstering fiscal policy, strengthening private investment's appeal, development of innovative financing instruments, such as green sukuk (Islamic bonds), and improving access to global funding.
These strategies need to be combined by not just the government but also all stakeholders.
This is because all parties need to make efforts to preserve and manage the environment as well as to achieve sustainable development goals.
"Let us hope that all of us can continue to collaborate and continue to cooperate to mobilize various types of resources that we need to utilize to reach those goals," Dhewanthi affirmed.
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Translator: Prisca Triferna V, Fadhli Ruhm
Editor: Sri Haryati
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