Flash News
infosawit

Indonesia Got the First Payment of Program Carbon Fund about US$ 20,9 Million



The Adipura Award in Jakarta (28/2/2023). The signing of memorandum of understanding (mill) from Program Forest Carbon Partnership Facility (FCPF) – Carbon Fund and East Kalimantan Province
Indonesia Got the First Payment of Program Carbon Fund about US$ 20,9 Million

InfoSAWIT, JAKARTA – The Government of Indonesia got the first payment from Forest Carbon Partnership Facility (FCPF) – Carbon Fund program for about US$ 20,9 million (or equal to Rp 303 Billion) through Badan Pengelola Dana Lingkungan Hidup (BPDLH) and full payment (US$ 110 million or hardly about Rp 1,7 trillion) would be handed over after the verification final by the third side (independent auditor).

BPDLH as fund channeling of FCPF-Carbon Fund should confirm that the fund would be managed based on the mandate and allocation transparently and accountably that refers to Benefit Sharing Plan Document which was arranged by the Government of Indonesia and handed over to World Bank in October 2021.

The fund allocation would be for (1) responsibility cost (25%) that covers the operational implementation for FCPF program in East Kalimantan Province and incentive for any parties that contribute to reduce carbon in the province.; (2) performance cost (65%) – that covers performance of emission reduction; (3) rewards (10%) that covers every village and indigenous people that are committed to maintain forest canopy in East Kalimantan Province.

“Of the advance payment, it would be distributed Rp 260 billion to East Kalimantan province within the mechanism through regional budget that reaches 110 billion rupiah and through intermediary agencies (that the East Kalimantan Province would point) for about 150 billion rupiah. The budget which would be distributed through regional budget should encourage the implementation of FCPF – Carbon Fund by reinforcing policies, institutional capacity, human resource, and operational for the provincial government and 8 districts/cities in the province,” Ministry of Environment and Forestry noted, as in the official statement to InfoSAWIT recently.

The fund that intermediary agencies would get, would also be distributed to the villagers in 441 villages in 7 (seven) districts and 1 (one) city in East Kalimantan Province. Some fund that the central government would get (Ministry of Environment and Forestry) would be used to reinforce the policy about Reducing Emission from Deforestation and Forest Degradation (REDD) + in national scale.

The fund allocation would be for City of Balikpapan, District of Berau, District of Kutai Barat, District of Kutai Kertanegara, District of Kutai Timur, District of Mahakam Ulu, District of Paser, and District of Penajam Paser Utara.

The signing of MoU would be the first moment for East Kalimantan Province to get the result - based payment within recipient benefits up to the landscape levels, they are, 441 villages in 7 (seven) districts, and 1 (one) city.

“What East Kalimantan achieved in result – based payment could be the stimulant, the learning to be applied in other provinces that are committed to reduce carbon from REDD +,” Ministry of Environment and Forestry noted. (T2)


READ MORE ON GOOGLE NEWS.