Indonesia Climate Change Trust Fund

Indonesia Climate Change Trust Fund is rated 3 out of 5 in the category environmental services. Read and write reviews about Indonesia Climate Change Trust Fund. The Indonesia Climate Change Trust Fund (ICCTF) is a key instrument of the Government of Indonesia in reducing emission intensity and GHG emission through low carbon development actions and adaptation on climate change impact. ICCTF also strives to integrate climate change issues into Development Plans at the national and regional level as well as implementing the initiatives on climate change mitigation and adaptation. Through leveraging and channeling of domestic resources and international funds into projects aligned with Indonesia’s emissions reduction action implementation plan (RAN/ RAD GRK), the ICCTF supports Indonesia’s to achieve 29% / 41% emission reduction target. ICCTF was established in 2009 under the Indonesian Government project “Preparatory Arrangements for the Indonesia Climate Change Trust Fund (PREP-ICCTF)”, facilitated by the UNDP as the interim management agency for the fund. During 2013, ICCTF was established as a working unit of the Ministry for National Development Planning. ICCTF is the only national trust fund dedicated to climate finance in Indonesia equipped with a governmental mandate to support the achievement of National mitigation targets and Adaptation. Within 2010-2018, ICCTF interventions through various mitigation and adaptation projects has potentially contributed to reduce around 9.4 million tons CO2 equivalent, or around 1% out of national target. Other intangible results and impact have also been identified from the field, including improvement of local economic of communities. ICCTF piloting of technological innovations that foster the mainstreaming of climate relevant projects, programs and activities. ICCTF is also involve multi-stakeholder including International development partners, Private Sector, Civil Society,line ministries and local governments.