GCF finance supports landmark climate action in Indonesia
Indonesia has achieved a significant milestone in scaling up climate action through the Reducing Emissions from Deforestation and Forest Degradation (REDD+) programme, with financing support from the Green Climate Fund (GCF).
USD 499.8 million has been committed to the country under the Results-Based Payments system in recognition of its successful reduction of emissions from the forestry and land-use sectors.
A total of USD340.7 million has been disbursed, of which USD 103.8 million is financing from GCF, which was channelled through the United Nations Development Programme (UNDP).
Since REDD+ began, Indonesia has rehabilitated over two million hectares of forest and land while reducing forest fires by 19.6 per cent. Indonesia’s forests provide a net carbon sink of -67.2 ktCO2e per year, a critical resource as the region faces the growing climate crisis.
Hemant Mandal, Director of GCF’s Department of the Asia and the Pacific Region, said: “This project stands as a powerful testament to Indonesia’s leadership in global climate action and to the catalytic role of the GCF. The proceeds of this project have been strategically invested to advance Indonesia’s national REDD+ strategy.
“This includes strengthening the REDD+ architecture, enhancing implementation capacity, supporting decentralized forest governance, and expanding the national Social Forestry programme. These efforts have empowered local communities, improved forest restoration, and supported the alignment of REDD+ with the updated Nationally Determined Contributions (NDCs).”
The Indonesian Environment Fund acts as the fund manager for REDD+ in Indonesia. With the support of GCF, it acts as a bridge between international commitments and on-the-ground needs.
Indonesia’s NDC for 2031-2035 is set to be finalized for COP30, in Belém, Brazil, next month.
