Tuesday, July 16, 2024

Indonesia secures climate collaborations at COP28, inking milestone agreements

Reading Time: 2 minutes
Journalist IBP

Journalist

Editor

Interview

Indonesia has marked its presence at the 2023 United Nations Climate Change Conference, COP28, by entering into several groundbreaking agreements focused on emissions reduction. 

Notable collaborations include a grant from Norway, tropical rainforest partnerships with Democratic Republic of the Congo and Brazil, and a strategic alliance between Pertamina NRE and OIKN.

Norwegian grant acknowledges Indonesia’s deforestation efforts

At the COP28 in Dubai, Norway announced a substantial contribution of US$ 100 million to support Indonesia’s sustained efforts in reducing deforestation. 

Indonesia, boasting the lowest deforestation rates in the past two decades, received recognition for leading global endeavors in CO2 emission reduction through deforestation mitigation.

Jonas Gahr Støre, Prime Minister of Norway, expressed pride in collaborating with Indonesia and emphasized the significance of this US$ 100 million contribution, considering it one of the world’s most substantial climate mitigation efforts since the Paris Agreement in 2015.

Siti Nurbaya, Indonesia’s Minister of Environment and Forestry, highlighted the success of the new climate partnership initiated through an MoU signed in September 2022. 

This partnership, supporting Forestry and Other Land Uses (FOLU) Net Sink 2030, has proven effective, with Norway’s latest contribution recognizing Indonesia’s achievements in emission reduction through deforestation and forest degradation.

Tripartite collaboration for tropical rainforest management

Indonesia, Brazil, and the Democratic Republic of Congo strengthened their collaboration in tropical rainforest management during COP28. 

This cooperation signifies a significant step by the world’s largest tropical forest owners in climate change action.

Erick Thohir, the Ad Interim Coordinating Minister for Maritime Affairs and Investment, emphasized the nation’s commitment to sustainable forest management. 

The substantial reduction of forest and land fires by 85%, from 1.65 million hectares in 2019 to 204,000 hectares in 2022, demonstrates Indonesia’s tangible progress in fire prevention and control.

Pertamina NRE and OIKN’s joint study agreement

Pertamina New & Renewable Energy (Pertamina NRE) and the Capital City Authority of Indonesia (OIKN) signed a joint study agreement during COP28, focusing on nature and ecosystem-based solutions (NEBS). 

This collaboration, endorsed by CEO Dannif Danusaputro and Deputy for Environment and Natural Resources Myrna Asnawati Safitri, aligns with Pertamina NRE’s commitment to energy transition and supporting Indonesia’s nationally determined contributions (NDC).

The collaboration encompasses climate-related projects such as carbon projects in agriculture and agroforestry, forest fire mitigation and control, blue carbon forests, restoration, and forest conservation. 

Additionally, it includes community engagement for sustainable forest management, promoting socio-economic development in surrounding villages, and biodiversity conservation efforts.

Dannif expressed positivity about the collaboration’s impact on climate, local communities, and biodiversity within the Capital City Authority. 

Myrna from OIKN welcomed the partnership, emphasizing its role in emissions reduction in the forestry and land use sector, particularly through the Nusantara Forest Carbon Project aimed at achieving Net Zero City status for Nusantara.

These collaborations reinforce Indonesia’s commitment to addressing climate change and fostering sustainable practices, showcasing the nation’s pivotal role in global climate action.

Journalist IBP

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

The Indonesian Central Bank (BI) has broadened its international payment cooperation network by signing a Memorandum of Understanding (MoU) with the Bank of Korea (BoK) for QR code-based payments.
President Joko “Jokowi” Widodo departed for Dubai, United Arab Emirates (UAE) on Tuesday, July 16, 2024 in a move to discuss investment opportunities in Indonesia’s new capital city (IKN) with UAE business leaders.
Minister of Manpower, Ida Fauziyah, has revealed that the Indonesian government is working to strengthen labor cooperation with the People’s Republic of China.
Dadan Kusdiana, Secretary General of the Ministry of Energy and Mineral Resources (ESDM) and David Fredericks, Secretary of the Australian Department of Climate Change, Energy, Environment & Water (DCCEEW) on Tuesday, July 2, 2024,signed a Memorandum of Understanding (MOU) on efforts to strengthen bilateral cooperation on energy transition.
President Joko “Jokowi” Widodo has instructed his cabinet ministers to expedite the completion of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) before the State leadership transition in October this year.
The Ministry of Foreign Affairs and Commission I of the House of Representatives (DPR) have agreed to establish a Working Committee (Panja) to discuss and finalize five defense cooperation bills with India, France, Cambodia, Brazil, and the United Arab Emirates (UAE).