Investor Presentaiton
I. INTRODUCTION
T
he report published by the Intergovernmental
Panel on Climate Change (IPCC) in April
2022 revealed an alarming fact that
Greenhouse Gas (GHG) emissions have caused
the earth's average temperature to rise above 1.5°
Celsius. This is critical because the inevitability of
global warming may trigger catastrophic climate
change-related disasters.
In Indonesia, climate change-associated
disasters have frequently occurred. For instance,
prolonged flooding in Kalimantan due to extreme
rainfall, high intensity of forest and land fires in
Sumatra due to hot weather, and the rise of sea
level on the north coast of Java.
In addition to natural disasters, climate change
also results in failure of food crops and can create
an explosion of disease-carrying vectors such as
mosquitoes and flies.
In order to curb global GHG emissions,
the world acceded to the Paris Agreement in
2015. Every single country, including Indonesia,
determined its own target for contributing to
GHG emission reduction, in which the target
was then set forth in their Nationally Determined
Contribution (NDC) document. Indonesia set a
target of 29% emission reduction through its own
efforts and of 41% with international support.
The climate ambition was enhanced in the
Updated NDC by strengthening the commitment,
which was implemented through several
programs, strategies, and actions in the elements
of mitigation, adaptation, transparency framework,
and other supportive implementation instruments.
In September 2022, Indonesia submitted
the Enhanced NDC to the UNFCCC Secretariat.
The document contains the increased target of
emission reduction from 29 percent to 31.89
percent unconditionally and from 41 percent
to 43.20 percent conditionally. Apart from the
Enhanced NDC document, the Country submitted
the Long-Term Strategy for Low Carbon and
Climate Resilience 2050 (LTS-LCCR) document,
determining a vision to enhance national climate
action ambition. The document further affirms the
target of Carbon Neutrality, even more, Carbon
Net Sink for the FOLU sector by 2030.
Indonesia's FOLU Net Sink 2030 means that
carbon sequestration from the forestry and other
land use (FOLU) sector are higher than, or at least
equal to its overall emissions by 2030.
Indonesia's FOLU Net Sink affirms that GHG
absorption from the forestry sector is targeted to
reach minus 140 megatonnes (Mt) CO₂e by 2030
and then continue to decrease to minus 304 Mt
CO₂e by 2050.
Indonesia's FOLU Net Sink 2030 serves as the
backbone of Indonesia's GHG emission reduction.
Referring to the LTS-LCCR, Indonesia's peak GHG
emissions are predicted to reach 1,244 million
tonnes of CO2e in 2030 and then decrease to
540 million tonnes of CO₂e in 2050. Indonesia
is projected to achieve Net Zero Emissions in
2060, wherein GHG absorption is higher than its
emissions.
Indonesia's FOLU Net Sink 2030 was first
declared to the global community at COP26 to
the UNFCCC in Glasgow, the United Kingdom.
Through Indonesia's FOLU Net Sink 2030, the
Country takes a "leading by example" position in
mitigating global climate change.
At the Special Leader's Event: Action on Forests and Land Use, President Joko Widodo
conveys undeniable Indonesia's concrete achievements on forestry sector. These include
the drop of forest and land fires rate, the reduction of emissions from forestry and other
land use sector, and significant decrease of deforestation rate.
(Scottish Event Campus, Glasgow, Scotland, 2 November 2021)View entire presentation