• The Green Climate Fund Approved Indonesia’s REDD+ Results-based Payments (RBP)

    The Green Climate Fund Approved Indonesia’s REDD+ Results-based Payments (RBP)

    Indonesia recorded a funding agreement worth USD 103,8 million from the Green Climate Fund (GCF) for a REDD+ (Reducing Emissions from Deforestation and Forest Degradation) proposal for Results-Based Payment (RBP). This achievement demonstrate Indonesia's impressive response to the threat of climate change, as well as a sign of increasing trust in the country and the international community. This momentum can also be a good start for future Indonesia-GCF relations. 

  • Indonesia’s Firm Commitment in Climate Action Amidst the Pandemic

    Indonesia’s Firm Commitment in Climate Action Amidst the Pandemic

    In the GCF Private Investment for Climate Conference 2020 event, Wednesday (14/10) the Minister of Finance Sri Mulyani Indrawati affirming that although faced by the pandemic, Indonesia's climate commitment remains strong.

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 August 2020, the NDA has issued 9 No-Objection Letter (NOL). Four of them has been approved by the GCF, they are: Geothermal Resouce Risk Mitigation (GREM), Climate Investor One (CIO), REDD+ Results-Based Payment, 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
0.3
billion
Co-Financing
1.03
billion
Total Value
1.33
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
Indonesia’s Firm Commitment in Climate Action Amidst the Pandemic

In the GCF Private Investment for Climate Conference 2020 event, Wednesday (14/10) the Minister of Finance Sri Mulyani Indrawati affirming that although faced by the pandemic, Indonesia's climate commitment remains strong.

Indonesia’s Firm Commitment in Climate Action Amidst the Pandemic
Green Climate Fund for Indonesia's Forest

Indonesia’s proposal for (REDD+) Results-Based Payment (RBP) 2014-2016 Period received approval from the Green Climate Fund (GCF) Board at the 26th Board Meeting.

Green Climate Fund for Indonesia's Forest
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