Overview of Climate Change Funds in Terms ofREDD+

Focusing on the REDD+ financing mechanism, there are three main funds, namely, bilateral funds (Norway, Japan, Germany, Australia, Korea, United Kingdom, etc.), multi-donor trust funds (the World Bank and United Nations bodies), and national trust funds [Indonesia REDD+ Partnership Fund (IRPF) and Indonesia Climate Change Trust Fund (ICCTF)]. These funds are managed by government institu­tions, namely, the Ministry of Finance, the Ministry of Forestry, the State Ministry of National Development Planning, and the National REDD+ Task Force.

As a follow-up on the Letter of Intent (LOI) between Indonesia and Norway, the government has established the IRPF system to facilitate REDD+ implementation programs in Indonesia through financing services and fund distribution. Previously, the Indonesia Climate Change Trust Fund (ICCTF) has been launched to support a wider scope of climate change issues, constituting energy, transportation, agriculture, etc.

Concerning financial institutions and funding instruments, the Indonesian REDD+ Partnership Fund (IRPF) and its implementation system was set up to facilitate REDD + implementation programs in Indonesia permanently through financing services and distributing funds. IRPF includes both public and private funds, both nationally and internationally, which reach REDD+ beneficiaries at the community level within and surrounding forest areas. IRPF will start with a managing grant from Norway and will develop with additional funds from multiple sources (UNREDD Programme Indonesia 2011).

Updated: October 20, 2015 — 5:31 am