JAKARTA, NETRALNEWS.COM - Members of the Governors' Climate and Forest Task Force (GCF) have agreed to reduce deforestation by 80 percent by 2020 which had been declared in the Rio Branco Declaration and signed at the 2014 GCF Annual Meeting.
A quarter of the world's tropical forests are represented by GCF members consisting of 35 provinces in nine countries.
To achieve the target, international funding and financing mechanisms are required to maximize investment quality.
"The Government of Indonesia is currently preparing the establishment of the Environmental Fund Management Agency (BPDLH), in which there is Climate Change Funding Window, and REDD + funding is part of the funding in the Climate Change Funding Window," Director General of Climate Change Control at the Ministry of Environment and Forestry (KLHK) Nur Masripatin said, Wednesday (9/27/2017), in a written statement.
The establishment of BPDLH, Nur said, will stand under the Government Regulation on Environmental Economic Instruments. With the current modality of BPDLH, it is hoped that the Government of Norway's commitment to REDD + partnership through performance-based payments can be realized immediately.
East Kalimantan, also known as the "Heart of Borneo", has launched the "East Kalimantan Green" program in 2010 as a commitment to reduce emissions by 26 percent by 2020.
In addition to Indonesia, Brazil also shared its experiences in encouraging investment for REDD + programs. Alex Marega, State Secretary of State for the Environment, from Mato Grosso, Brazil, reviewed Mato Grosso's "Program of Produce, Conserve, Include" (PCI) involving many stakeholders.
The program successfully maps 241 initiatives that are implemented and co-funded by 381 institutions, both public and private. In addition, Luzimeire Ribiero da Moura Carreira, the Deputy Secretary of State for Environment, talked about the strategy of the Tocantins region of Brazil to ensure low carbon development and maintain a decline in the deforestation curve in the last 10 years.
This agreement was signed by 13 states and is also supported by three universities in commitment to green growth and conservation in the Yucatan. Among the agreed objectives is to attract private and international financing to complement domestic public financing for the green economy.
Launched in 2009 by ten governors from Brazil, Indonesia and United States, the GCF is designed to advance the overall jurisdictional approach to REDD + programs and low emission development.
The KLHK supported by the Global Green Growth Institute (GGGI) organized a jurisdictional learning exchange session themed "Green Investment to Reduce Deforestation and Forest Degradation" at the 2017 GCF Annual Meeting, September 27 2017, at Novotel Hotel, Balikpapan.
This session discussed the funding structures and opportunities for emission reduction programs, and shared experiences with several regions in Brazil and Mexico on green investments in both countries.