Financing Strategy for Indonesia NDC
Date : Tuesday, 15 November 2016
Time : 13.00 – 14.30 GMT
Venue : Indonesia Pavilion at COP22, Marrakech, Morocco
Nationally Determined Contributions (NDCs), as the next step of Intended NDCs, has been agreed during COP21 in Paris to provide a concrete development plan toward a low-carbon and climate-resilient development. NDCs may form a foundation to reach the objective of limiting global warming to well below 2°C or even 1.5°C as set out in the Paris Agreement. At the national level, Indonesian NDC aligns with National Medium-Term Development Plan and Nawa Cita (Nine Priority Agendas) under President Joko Widodo and will lay the foundation for more ambitious goals beyond 2020.
Financing plays an important role to ensure ambitious NDCs can effectively be implemented. Domestic and international sources of finance are welcome to increase ambition in reducing GHGs emission in all sectors. Comprehensive financing strategies should envisage the role of domestic and international finance. Indonesia fiscal policy aims to support climate change programmes undertaken through catalytic budgeting and fiscal instruments and to drive transformation in resources management to promote low carbon growth and climate resilience.