Investor Presentaiton
28
20
SHAUTALASANA PENURUNAN D
75
INDONESIA
MAS
DIRG
INDO
3.1 Policy Formulation
President Joko Widodo has asserted that
Indonesia will reach Net Zero Emission by 2060
or earlier, as the country's contribution to global
climate change mitigation.
The statement serves as a directive for the
Minister of Environment and Forestry, Siti Nurbaya,
and all of Ministry of Environment and Forestry
officials to formulate implementing policies as a
form of guidance of the implementation. Intensive
communication with other relevant ministries is
built to sharpen the policy formulation, hence the
policies are applicable on the ground.
To tackle climate-associated disasters, the
Ministry of Environment and Forestry laid out the
NDC Implementation Strategy in 2017, which
was followed by the preparation of a Road Map
on Mitigation in 2019. Thereafter, the existing
NDC was updated in 2021. A new document
of Enhanced NDC was then submitted to the
Secretariat of the UNFCCC in September 2022.
Furthermore, Indonesia developed a long-term
strategy for low carbon and climate resilience
2050 so called LTS-LCCR 2050.
The document outlines Indonesia's FOLU Net
Sink 2030, which highlights a condition of carbon
positive in the forestry and land use sector by
2030.
Net sink policy does not mean zero
deforestation, but diminishing deforestation to
minimum level while conducting reforestation,
rehabilitation, and environment recovery towards
carbon positive position.
A Ministerial-level meeting discusses on accelerating the
implementation of derivative regulations of Presidential
Instruction No. 98 of 2021 on Carbon Economic Value to
achieve the NDC target, by domestic and international carbon
trades, and accelerating green energy or new renewable energy
development.
(Jakarta, 11 January 2022)
President Joko Widodo chairs Indonesia
Onward Cabinet Limited Meeting
discussing instrument policies of carbon
economic value or carbon pricing. The
regulation is important in reducing GHG
emissions and achieving NDC targets.
(Jakarta, 6 July 2020)
29View entire presentation