2022 State Budget: Fiscal Policy and Structural Reform
National Climate Financing
GISONS
3065-04
13
PENAVEMAN
PERUBAHAN KUV
NET
ZERO
CO, EMISSIONS
2050
Funding support to achieve the
targets of the climate agenda can
come from the public, private and
international sectors towards "a
just and affordable transition"
SOURCE OF
FINANCING
DOMESTIC
_
INTERNASIONAL
BILATERAL
MULTILATERAL
• Green Climate Fund
⚫ Global
.
Environment
Facility
Adaptation Fund
⚫ MDBs
⚫ IFIS
CHALLENGES AHEAD, ESPECIALLY DUE TO THE
COVID-19 PANDEMIC
Limited fiscal space
Strengthening the fiscal reform agenda and
fiscal consolidation will be the key to fiscal
sustainability onward.
Optimal mobilization of non-state budget
climate change funding sources.
Ensure that the economic recovery and
transition to a green economy is Just and
Affordable.
Strengthen the viability of green projects
so that they can be financed by the
financial sector and receive international
support.
The current market mechanism has not
been able to reflect the price difference
between the Green and non-Green sectors.
Currently, it is still limited to Green
Financing, it is necessary to strengthen
Greening the Finance in order to support
the sustainable development agenda.
STATE
BUDGET
Carbon Tax/Excise
• Central
Government
Expenditure
•
TKDD Expenditure
•
Financing (Green
Sukuk, SDGs Bond)
NON-STATE
BUDGET
Carbon Trading
• Private Investment and
•
CSR
BPDLH
SDG Indonesia One
•
ICCTF
⚫ Financial Services
sector (Bank and Non
Bank)
• Capital market
Philanthropy
• State Owned
Enterprises
•
Government
• Private
Source: Ministry of Finance
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