Bank Indonesia Policy Mix

Commitment to Handling Climate Change NATIONAL CLIMATE CHANGE POLICY TIMELINE 1994 UNFCCC ratification to UU No.6/1994 FISCAL POLICY RESPONSE TO CLIMATE NEXT STEP OF CLIMATE RELATED FISCAL CHANGE ISSUES POLICY Mitigation Fiscal Framework Preparation of fiscal Tax Incentives for NRE and CO2 2004 Kyoto Protokol ratification to UU No.17/2004 clean technology development Revocation of Fuel Subsidy instruments related to Carbon Tax and Carbon Trading 에 updating Mitigation 2011 and RAN-GRK and RAN-API 2014 Implementaion of Climate Budget Tagging Fiscal Framework AGENDA PERUBAHAN IKLIM NASIONAL DAN GLOBAL 13 PENANGANGAN PERUBAHAN IKLIM Nationally Determined Contribution (NDC) SDGs 13: Climate Action 300-04 Paris Agreement ratification 2016 to UU No.16/2016 2016 Submission of Nationally Determined Contribution (NDC) to UNFCCC Indonesia's Green Bond/Sukuk Framework Mainstreaming Climate Budget Tagging in local government budget Ecology-based Fiscal Transfer Integration of Climate Change Planning, Budgeting and MRV Systems Preparation of SDGs Government Securities Framework Low Carbon Development Planning in RPJMN 2020- 2024 NET ZERO CO, EMISSIONS 2050 2020 RPJMN 2020-2024 Prioritas Nasional 6 Source: Ministry of Finance Agenda Net-Zero Emission 96 96

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