• Factsheet on GCF Environment and Social Safeguards: Lessons Learned from Indonesia’s Accredited Entities Forum

    Factsheet on GCF Environment and Social Safeguards: Lessons Learned from Indonesia’s Accredited Entities Forum

    The Fiscal Policy Agency as the GCF National Designated Authority (NDA) for Indonesia, supported by the Global Green Growth Institute (GGGI) held various sharing forums between the national and international AEs, one of them on complying with the GCF ESS, which was held on April 20th, 2021.

  • Climate Rationale 101

    Climate Rationale 101

    To help project developers provide coherent arguments and build activities which effectively mitigate and/or adapt to the climate impacts, Indonesia’s NDA GCF supported by GGGI held a webinar on September 9th, 2021, discussing ‘Climate Rationale’ in the GCF projects. It is the second part from a series of webinar, as a part of technical assistance provided through the “Call for Project Concept Note (PCN)” activity.

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
Climate Rationale 101

To help project developers provide coherent arguments and build activities which effectively mitigate and/or adapt to the climate impacts, Indonesia’s NDA GCF supported by GGGI held a webinar on September 9th, 2021, discussing ‘Climate Rationale’ in the GCF projects. It is the second part from a series of webinar, as a part of technical assistance provided through the “Call for Project Concept Note (PCN)” activity.

Climate Rationale 101
Gender and Social Inclusion in Climate Change Projects

Indonesia’s National Designated Authority (NDA), supported by Global Green Growth Institute (GGGI), discussed the issue through a webinar titled “Gender, Indigenous People, and the GCF” held on August 12th, 2021. This webinar is one of the series of activities in the Call for Project Concept Note capacity building conducted last June.

Gender and Social Inclusion in Climate Change Projects
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