Jakarta (ANTARA) - The government announced the outcomes of the 29th UN Climate Change Conference (COP29) held in Baku, Azerbaijan, while launching the fourth phase of its result-based contribution (RBC-4) partnership with Norway in Jakarta on Tuesday.Environment Minister Hanif Faisol Nurofiq listed several achievements of COP29, including the Baku Climate Unity Pact, which includes climate financing by developed countries for developing countries, called the New Collective Quantified Goal (NCQG), of US$300 billion per year until 2035.
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"Although this amount is still less than the climate funding requirement of US$1.3 trillion per year in 2035, there is an increase from the previous commitment of US$100 billion per year," Nurofiq said.
Another outcome of COP29 was the agreement on Article 6 of the Paris Agreement concerning the mechanism for cooperation in fulfilling the National Determined Contributions (NDCs).
"Indonesia will optimize carbon trading opportunities, while still anticipating the potential for junk credit through strengthening national control mechanisms and following the process at the UNFCCC," he informed.
The Loss and Damage (LnD) Fund Agenda of US$731 million was also launched by developed countries to help countries that are vulnerable to climate change impacts.
In Baku, Indonesia also initiated a joint statement with the Friends of Ocean to encourage the mainstreaming of the Ocean-Climate Nexus and climate finance as well as the integration of ocean-based actions into NDCs.
Special presidential envoy for climate change and energy, Hashim Djojohadikusumo, emphasized the no-complaints and no-demands stance of the Indonesian government before the international community.
"On the contrary, Indonesia offers ideas and programs to address climate change," he said.
According to him, Indonesia plans to build a 103-gigawatt power plant, which will derive 75 percent of its power from renewable energy such as wind, water, geothermal, and biomass. Indonesia is also planning to build nuclear and natural gas-powered power plants.
"Another program offered is a carbon credit of 577 million tons of CO2e. In addition, Indonesia is offering another 600 million tons of carbon credits, which are currently still in the verification stage," he informed.
Hashim also clarified reports regarding Indonesia's stance at COP29 on phasing out coal-fired power plants. He emphasized that Indonesia will not phase out, but rather, phase down by reducing the number of coal-fired power plants.
He also conveyed President Prabowo Subianto's approval of the massive restoration plan and efforts to promote social forestry.
Forestry Minister Raja Juli Antoni said that President Prabowo has initiated a critical land rehabilitation program covering 12.7 million hectares, which will be followed up by the preparation of a road map and strategic planning related to critical land reforestation.
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"This policy and program will be very significant in efforts to reduce greenhouse gas emissions, as well as increase carbon absorption capacity in Indonesia," Antoni added.
During COP29, Indonesia organized 44 talk shows involving 215 speakers from various elements of society to discuss various climate change mitigation and adaptation actions.
In addition, a number of bilateral cooperations were forged with strategic partners during the conference, laying an important foundation for more impactful climate action by Indonesia.
Launch of RBC-4
In addition to presenting the results of COP29, the Indonesian and Norwegian governments launched RBC-4 as a form of international support for reducing emissions from deforestation and forest degradation (REDD+) in the country.
The RBC-4 was launched by Environment Minister Nurofiq, Forestry Minister Antoni, and the Norwegian Ambassador to Indonesia, Rut Kruger Giverin.
It will involve funding of US$60 million for Indonesia's achievements in lowering greenhouse gas emissions in 2019–2020.
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Indonesia has earlier received three such funding payments—US$56 million for emission reduction of 11.2 million tons of CO2e in 2016–2017, as well as US$100 million as the second and third payments for emission reduction of 20 million tons of CO2e in 2017–2019.
According to Minister Antoni, RBC-4 is a continuation of the good partnership between Indonesia and Norway within the framework of the FOLU Net Sink 2030 cooperation and a commitment to good cooperation, collaboration, and collective action in facing global environmental challenges.
"It ensures that we are in control and have a decisive influence in achieving Net Zero Emissions by 2060 or even sooner," he said.
