{"id":27464,"date":"2024-02-16T00:02:47","date_gmt":"2024-02-16T00:02:47","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=27464"},"modified":"2024-02-16T00:02:47","modified_gmt":"2024-02-16T00:02:47","slug":"ri-seeks-to-reach-ndc-target-through-carbon-trading","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2024\/02\/16\/ri-seeks-to-reach-ndc-target-through-carbon-trading\/","title":{"rendered":"RI Seeks To Reach NDC Target Through Carbon Trading"},"content":{"rendered":"

JAKARTA – The Indonesian government continues to encourage the role of multi-stakeholders to achieve the Nationally Determined Contribution (NDC) target through implementing carbon economic value, according to the country’s Environment and Forestry Minister Siti Nurbaya Bakar as reported by Antara news agency on Tuesday (23\/01\/2024).<\/p>\n

\"\"<\/p>\n

“Several initial steps have been carried out with the existence of a carbon exchange, which has produced quality carbon units,” she noted in Jakarta.<\/p>\n

She said that a total of 494,254 tons of carbon dioxide equivalent (CO2e) have been produced from the carbon exchange, with a transaction value reaching Rp30.90 billion (around US$2 million) obtained from transactions by 26 service users.<\/p>\n

Bakar affirmed that her ministry continues to observe carbon trading transactions through the carbon exchange and study transaction actors involved in the performance-based payment scheme of the carbon economic value mechanism.<\/p>\n

She noted that during the period from 2014 to 2016, Indonesia had received performance-based payments from the Reducing Emissions from Deforestation and Forest Degradation (REDD+) program from the Green Climate Fund, with a nominal value of US$103.8 million (RM491 million).<\/p>\n

The performance-based payment is aimed for emission reduction of 20.25 million tons of CO2e that has been achieved by Indonesia, she stated.<\/p>\n

In addition, Indonesia received a results-based contribution from the Norwegian government amounting to US$156 million (RM737 million) for emissions reduction of 31.2 million CO2e.<\/p>\n

During the periods 2016-2017 and 2018-2020, Indonesia also received US$100 million (RM473 million) from the Forest Carbon Partnership Facility (FCPF) for its performance in reducing 22 million tons of CO2e and US$70 million (RM331 million) from Bio-CF for 14 million tons of CO2e.<\/p>\n

“The results-based payment scheme and performance-based contributions have currently reached no less than US$384.8 million (RM1.8 billion) until this month and will reach US$454.8 million (RM2.1 billion) next year,” Bakar remarked.<\/p>\n

She stated that this figure does not include the records of other contributions to the Environmental Fund Management Agency (BPDLH) through the contribution agenda.<\/p>\n

“All results-based payments were received and administered by BPDLH,” she remarked.<\/p>\n

She added that Indonesia currently has four regulations to control greenhouse gas emissions.<\/p>\n

These regulations cover the carbon economic value implementation to help Indonesia achieve NDC targets, control greenhouse gas emissions, and accelerate the pace of sustainable national development. (*)<\/em><\/p>\n

Source: BERNAMA \/ nst.com.my<\/a><\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

JAKARTA – The Indonesian government continues to encourage the role of multi-stakeholders to achieve the Nationally Determined Contribution (NDC) target through implementing carbon economic value, according to the country’s Environment and Forestry Minister Siti Nurbaya Bakar as reported by Antara news agency on Tuesday (23\/01\/2024).<\/p>\n","protected":false},"author":1,"featured_media":27466,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"off","neve_meta_content_width":70,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708,3709],"tags":[],"class_list":["post-27464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication","category-recent-news"],"yoast_head":"\nRI Seeks To Reach NDC Target Through Carbon Trading - 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The ministry of environment and forestry\u2019s (KLHK) Acting Director General of Sustainable Forest Management, Agus Justianto, said that such efforts are in line with the 1945 Constitution article 28H which stipulates\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/09\/carbon_trading_menlhk_sawitku.id_.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/09\/carbon_trading_menlhk_sawitku.id_.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/09\/carbon_trading_menlhk_sawitku.id_.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gapki.id\/dir-site\/uploads\/2023\/09\/carbon_trading_menlhk_sawitku.id_.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":22329,"url":"https:\/\/gapki.id\/en\/news\/2022\/11\/17\/palm-oil-industry-greatly-contributes-to-climate-change-control\/","url_meta":{"origin":27464,"position":4},"title":"Palm Oil Industry Greatly Contributes To Climate Change Control","author":"admin","date":"November 17, 2022","format":false,"excerpt":"JAKARTA \u2013 The palm oil industry from upstream to downstream has apparently given great contribution to the efforts of controlling climate change. The Indonesia\u2019s oil palm plantation cover of 16.38 million hectares absorbs 2.2 billion tons of carbon dioxide (CO2) every year. Economic Coordinating Ministry\u2019s Deputy in charge of Foods\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/joko_tofan_borneo_f.jpg?fit=771%2C480&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/joko_tofan_borneo_f.jpg?fit=771%2C480&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/joko_tofan_borneo_f.jpg?fit=771%2C480&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/12\/joko_tofan_borneo_f.jpg?fit=771%2C480&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":28909,"url":"https:\/\/gapki.id\/en\/news\/2024\/11\/17\/ri-inks-carbon-agreement-with-japan-first-in-the-world\/","url_meta":{"origin":27464,"position":5},"title":"RI Inks Carbon Agreement With Japan, First In The World","author":"admin","date":"November 17, 2024","format":false,"excerpt":"JAKARTA - The Governments of Indonesia and Japan have reached an agreement to initiate the implementation of the Mutual Recognition Arrangement (MRA) for bilateral carbon credit trading cooperation between the two countries. This was announced at the Indonesia Pavilion during the 29th United Nations Framework Convention on Climate Change\/Conference of\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/Deforestasi-Uni-Eropa_kompas.id_.jpg?fit=918%2C582&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/Deforestasi-Uni-Eropa_kompas.id_.jpg?fit=918%2C582&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/Deforestasi-Uni-Eropa_kompas.id_.jpg?fit=918%2C582&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/10\/Deforestasi-Uni-Eropa_kompas.id_.jpg?fit=918%2C582&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2024\/02\/asap_nst.com_.my_.jpg?fit=877%2C498&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=27464"}],"version-history":[{"count":1,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27464\/revisions"}],"predecessor-version":[{"id":27467,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/27464\/revisions\/27467"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/27466"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=27464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=27464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=27464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}