Indonesia needs US$312bil to make good on carbon pledge: minister


The technology for Indonesia to reach and exceed its climate action target is available and the financing can be sought, experts say, noting that the crucial part is political will. - JP

JAKARTA (The Jakarta Post/ANN): Indonesia needs to invest US$312 billion to reach its target for reducing greenhouse gas (GHG) emissions by 2030, according to Finance Minister Sri Mulyani Indrawati.

The figure is based on the estimated contribution stated in the reworked nationally determined contribution (NDC), Indonesia’s pledge made under the Paris Agreement on climate change.

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