Indonesia needs 13.3 billion USD to cut emissions in forest and land use
Indonesia requires 204 trillion IDR (13.3 billion USD) in funding to cut emissions in the forest and land use sector and increase carbon absorption to meet the 2030 Forestry and Other Land Uses (FOLU) Net Sink goal.
Indonesia needs 13.3 billion USD to cut emissions in forest and land use (Photo: news.mongabay)
Jakarta (VNA)ꦅ - Indonesia requires 204 trillion IDR (13.3 billion USD) in funding to cutemissions in the forest and land use sector and increase carbon absorption tomeet the 2030 Forestry and Other Land Uses (FOLU) Net Sink goal.
The director general of sustainable forest management at the Environment andForestry Ministry, Agus Justianto, said that the policy aims to achieve agreenhouse gas emission level of minus 140 million tonnes of carbon dioxideequivalent.
According toJustianto, funding to support Indonesia's 2030 FOLU Net Sink climate mitigationactions may come from domestic and foreign carbon markets, the state budget,regional budgets, private investment, domestic and foreign grants, and otherfunding sources.
In addition, funding from the result-based payment scheme for REDD , which isnow being compensated through international and sub-national cooperation schemes,may also support the policy.
The 2030 FOLU Net Sink carbon emission reduction policy outlines four mainstrategies: preventing deforestation, supporting conservation and sustainableforest management, protecting and restoring peatlands, and increasing carbonabsorption, he explained.
He further said that the problem of climate change is threatening human lifebecause of continued greenhouse gas emissions from various sources such asindustries, forest fires, modes of transportation, and fossil fuels, amongothers.
These have been linked to a rise in temperatures, climate anomalies, rise insea levels, natural disasters, and water, energy, and food scarcity. Theseproblems are occurring not only at the local and national levels, but also atthe global level, Justianto noted.
♊ He emphaised Indonesia certainly needs a strong foundation, especially toprotect the environment and climate. This requires support and contributionsfrom all parties across generations, across disciplines, and across sectors./.
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Indonesia needs 13.3 billion USD to cut emissions in forest and land use (Photo: news.mongabay) 
