The Government of Indonesia, in its effort to meet the Enhanced Nationally Determined Contribution (ENDC) targets, is committed to reducing greenhouse gas (GHG) emissions by 31.89% by 2030, or by 43.20% with international support. Since 2018, the Green Climate Fund (GCF) has become one of the international climate financing sources that can be utilized to support Indonesia to achieve their ENDC target.

As of November 2024, GCF has approved 19 funding proposals and 6 Project Preparation Facilities (PPF) in Indonesia, most of which are multi-country funding facilities. However, information on the criteria and requirements for accessing these funding facilities remains limited, and there is a need for further information to stakeholders.

To address this, the Fiscal Policy Agency (BKF) in collaboration with the Global Green Growth Institute (GGGI) held the GCF Financing Facility Expo on December 4, 2024, at the Sultan Hotel, Jakarta. This event aimed to provide a platform for the exchange of information about the GCF climate financing facilities that can be accessed by project owners in Indonesia, including information on target sectors for funding, criteria for accessing funding facilities, and other related information. Four accredited entities managing approved funding facilities served as speakers, namely the Asian Development Bank (ADB), the Development Bank of the Netherlands (FMO), Pegasus Capital Advisors, and the Korean Development Bank (KDB). These entities provided explanations on the criteria and requirements for accessing their respective funding facilities.

The expo was opened with a speech by Mr. Boby Hernawan, Head of the Climate Change Financing and Multilateral Policy Center (PKPPIM), Fiscal Policy Agency, who emphasized the opportunities presented by green financing facilities from approved GCF projects that can be accessed by stakeholders in Indonesia. The event continued with a presentation on GCF activities in Indonesia by Mr. Noor Syaifudin, Senior Policy Analyst at PKPPIM, who shared the status of GCF projects in Indonesia and the Ministry of Finance’s role in supporting green financing. This session concluded with a Q&A regarding GCF activities in Indonesia.

Participants then attended breakout sessions divided into four topics based on the accredited entities. The financing facilities discussed included a range of instruments, from grants to equity investments, for various sectors such as energy, water, transportation, and climate technologies. This session provided a deeper and more specific understanding of the criteria required to access each funding facility, as well as opened opportunities for stakeholders in Indonesia to benefit from green financing.

The full-day expo concluded with remarks by Mr. Noor Syaifudin, who appreciated the enthusiasm of the participants. He also expressed hope that this event would foster collaboration leading to inclusive, high-quality, and impactful climate action projects.