About NDA
About NDA

National Designated Authority (NDA) serves as the focal point between a country and the Green Climate Fund (GCF). It plays a key role in ensuring country ownership, the core principle of GCF's business model.

About GCF
About GCF

The Green Climate Fund (GCF) is the world’s largest dedicated fund helping developing countries reduce their greenhouse gas emissions (mitigation) and enhance their ability to respond to climate change (adaptation).

What We Do
What We Do

As of March 2021, the NDA has issued 12 No-Objection Letter (NOL). Five of them has been approved by the GCF, they are: Geothermal Resouce Risk Mitigation (GREM), Climate Investor One (CIO), REDD+ Results-Based Payment, Sub national Climate Fund, ASEAN Catalytic Green Finance Facility (ACGF) and one approved Project Preparation Facility for BRT Semarang. Currently, the NDA in collaboration with GGGI is implementing the Readiness and Preparatory Support Program.

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Portfolio Dashboard
GCF Financing
0.53
billion
Co-Financing
1.75
billion
Total Value
2.28
billion
Featured Projects
Geothermal Resource Risk Mitigation (GREM) Project

Geothermal Resource Risk Mitigation (GREM) Project

112.2 million
Tonnes of CO2 avoided
USD 100 million
GCF Funding
USD 410 million
Co-Financing
Energy generation and accessEnergy generation and access

Geothermal Resource Risk Mitigation (GREM) Project

Energy generation and accessEnergy generation and access
About Project
Started
20 October 2018
Accredited Entity
The World Bank

Indonesia has the world’s largest potential for geothermal energy resources, but its development has been limited due to risky and expensive early-stage development costs. These barriers are further exacerbated by the geothermal tariff framework which needs to be competitive to enable private sector investments.

This project aims to help the Government of Indonesia scale up geothermal energy development by introducing a well-designed upstream risk mitigation mechanism and promoting a conducive regulatory environment. By developing geothermal resources, the project is anticipated to avoid 102.2 million tonnes of CO2 within the span of 10 years, while at the same time fulfilling electrification needs.

Under this project, geothermal developers from both public and private sectors will have access to funds to help mitigate early stage development risks. The geothermal resource risk mitigation facility will provide contingent financing and soft loans for resource confirmation drilling.

News
Sharing Experiences on Innovation and Climate Finance Potential in the Province

To disseminate the information of climate fund potential from domestic and international, the Ministry of Finance as the National Designated Authority of the Green Climate Fund (NDA GCF) for Indonesia held a virtual workshop on Climate Finance Potential on 6-7 December 2021.

Sharing Experiences on Innovation and Climate Finance Potential in the Province
Green Climate Fund’s Progress in Indonesia

To enhance the quality of performance and opening dialogue opportunities between stakeholders, the Fiscal Policy Agency (FPA), as the National Designated Authority to the Green Climate Fund (GCF) is holding another Annual Participatory Review (APR) forum on the 23rd of November 2021.

Green Climate Fund’s Progress in Indonesia
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