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Indonesia to receive over 836 million USD for environmental protection

The Indonesian government will receive loans and grants worth over 11.92 trillion rupiah (836.7 million USD) in total through the Environmental Fund Management Agency to finance different projects on green energy and environment, according to local authority.
Indonesia to receive over 836 million USD for environmental protection ảnh 1Illustrative image (Photo: AFP)

Hanoi,(VNA) - The Indonesiangovernment will receive loans and grants worth over 11.92 trillion rupiah (836.7million USD) in total through the Environmental Fund Management Agency to finance different projects on greenenergy and environment, according to local authority.

DjokoHendratto, President Director of the Environmental Fund Management Agency, said the funds came fromthe World Bank, the Green Climate Fund (GCF), REDD Norway, the Forest CarbonPartnership Facility (FCPF), the BioCarbon Fund, and the Ford Foundation.

Accordingto Djoko, the World Bank is providing 2.1 million USD during three years from2021 to 2024, to help the Environmental Fund Management Agency manage environment-related funds through the building of tools such as Safeguard Indicators, Environmental and Social Monitoring System (ESMS), andAction Plan ESMS.

GreenClimate Fund will provide over 103.6 million USD over 2021 – 2023 period tohelp Indonesia implement collaborative programmes between UNDP and the Ministry ofEnvironment and Forestry, while the FCPF will provide 110 million USD for a specialproject carried out by the provincial government of East Kalimantan. 

TheBioCarbon gives 60 million USD during 2023-2025 to helpimplement special projects by Jambi provincial government, the Ford Foundation 1 million USD in 2021, and REDDNorway 560 million USD in 2021. Indonesiangovernment are working with Norway to secure this support package./.

VNA
#environmental protection#Indonesia#green energy#World Bank#support package#Vietnam#Vietnamplus#Vietnam News Agency
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