1.Background

The increase in greenhouse gas concentration in the atmosphere as a result of human activities has caused global warming and climate change, whose impacts are even more severe. To avoid those effects of climate change, the world agreed through the United Nations adopted in Paris in 2015 that the rate of greenhouse gas emissions must be reduced as low as possible and reach NZE in the second half of the mid- twentieth century.

The Indonesian government has conveyed a long-term vision to develop a climate-resilient low carbon development pattern in line with the Paris target called the Low Carbon Compatible with Paris Agreement target (LCCP) scenario. In this scenario, greenhouse gas emissions will reach a peak of 1,240 million tonnes of CO2e by 2030 and then gradually decline to reach 540 million tCO2e in 2050. It is expected that net zero emissions will be achieved by 2060 or earlier. In the long-term strategy, the emission level in the LCCP scenario is much lower than the current policy scenario (CPOS) – an extension of the unconditional Nationally Determined Contributions (NDC) scenario. In the LCCP, the rate of increase in energy sector emission is slowed down, while the forestry and other land use sector (FOLU), which was previously a net emitter, will turn into a net sink by 2030. FOLU has a big role in efforts to achieve the national NZE target, especially to offset emissions from sectors that are difficult to abate, such as the energy sector. Significant efforts to reduce FOLU sector emissions and convert them to net sinks by 2030 (in the LCCP scenario) will largely depend on the success of the actions. To support the implementation of the FOLU activities, GoI launch IEF and has mandate to manage and disburse funds from international sources (public and private) include funds from: REDD+.IEF manage the fund from Green Climate Fund (GCF) REDD+ RBP with the amount is USD 103,8 million. IEF also has mandated to manage the FCPF Carbon Fund for USD 110 million and Bio-Carbon Fund for USD 50 million. IEF also has mandated to manage the fund from Royal of Norway Cooperation with total amount is USD 56 million. The forestry sector has a significant role in achieving the NDC target, to achieve the target we still face a funding gap, therefore, intensive discussion is needed as to whether there will still be funding for forest and other land use in the future. Now, IEF has develop the REDD+ and FOLU Window, which has been set up in collaboration with MoEF to channel the funds. The use of funds is governed by a FOLU Investment Framework, which sets the overall FOLU window strategic priorities, and an investment plan which sets out the specific programs on how each of the results-based payments is used. IEF has governance structure, roles and responsibilities of the different entities and stakeholders involved in delivering IEF’s mandate and objectives, and specifically the funds flow within the FOLU window. The governance of the IEF and the management of financial flows, instructions, advice, monitoring and evaluation and reporting involves different stakeholders and is guided by several regulations. In IEF FOLU window has technical team that will consist of experts that support the selection and execution of the FOLU investment plan, including the selection of projects for the enabling activities (e.g. review of applications through a call for proposals); and decisions on incentive payments. Technical team will be appointed by Government, CSO dan IEF and approved by Executive Director of IEF. Further information on the development and working procedures of the Technical Team will be regulated under the Regulation of the Executive Director of IEF.

2. Objectives

The purpose of this talkshow is sharing information and knowledge about the potential for FOLU for the future.

3. Target audience

International partners or donors, investor, private sectors, and governments.

4. Talkshow mechanism

talkshow