“Although a positive trend is reflected in adaptation funding, the total funding for today and future climate change mitigation is far from required amount.”
Heaptalk, Jakarta – The Deputy of Task Executor for Maritime and Natural Resources, National Development Planning Agency (Bappenas), Vivi Yulaswati, conveyed a shocking statement regarding the national attempt towards climate change mitigation.
In her statement, Vivi delivered that Indonesia’s funding program for climate resistance is far behind other countries and most allocations are focused on certain sectors. She stated that energy and transportation received the biggest allocated budget for the carbon-low development program.
“The funding for climate resistance continues to fall behind. Although a positive trend is reflected in adaptation funding, overall, the total funding for today and future climate change mitigation is far from the required amount,” said Vivi during the kick-off of the Preparation of Strategic Environment Study, National Long-Term Development Plan 2025-2045 (KLHS RPJPN): Screening Sustainable Development Issue (01/26).
In more detail, most funding for climate change handling in 2019 and 2020 was distributed in the form of debt and 88% of the total aid is followed by interest rate. About 100% of the soft loan is only provided by public institutions.
Moreover, the portion of concessional financing – the climate change funding scheme suggested by the United Nations Framework Convention on Climate Change (UNFCCC) – remains diminutive. Perceiving this phenomenon, Vivi expected Indonesia to pay more attention to the climate change mitigation program to strengthen collaboration globally between related stakeholders.
“We discuss sustainability development, and this belongs to our legacy to the future generation, not only about great quality life but also a reasonable burden of debt,” said Vivi in her closing statement.
