Norway Delivers USD 56-Million In Results-Based Support For Indonesia’s 2030 Climate Goals

The Norwegian website is reporting on the Contribution Agreement, signed on October 19th by Rut Krüger Giverin, Ambassador of Norway to Indonesia, and Djoko Hendratto, President Director of the Indonesian Environment Fund (IEF) which follows the  signing of the Memorandum of Understanding (MoU) between Indonesia and Norway (Partners) in September 2022.

In the MoU, both partners confirmed their intention to collaborate in a new climate partnership to support Indonesia’s Forestry and Other Land Use (FOLU) Net Sink 2030 Operational Plan and for Norway to support Indonesia’s results in reduced emissions from deforestation and forest degradation through results-based contributions.

“A Global Leader”

“During ten working days after today’s signing of the contribution agreement, Norway will deliver its first results-based contribution of USD 56-million in support of the ongoing implementation of Indonesia’s FOLU Net Sink 2030 Operational Plan,” said Indonesian Environment and Forestry Minister Siti Nurbaya during the signing ceremony at the premises of Indonesia’s Ministry of Environment and Forestry (the Manggala Wanabakti Building) in Jakarta on Wednesday, October 19th.

“The first and subsequent results-based contributions from Norway are channelled through the Indonesian Environment Fund (IEF/BPDLH) under Indonesia’s Ministry of Finance. Indonesia allocates its own state budget over USD 300-million every year to support its FOLU Net Sink 2030 operational plan,’ Minister Nurbaya explained.

“I am pleased to confirm that we have concluded a contribution agreement for our financial contributions for Indonesia’s achievements in reduced emissions from deforestation in support of the newly signed MoU between our two governments”, Norway’s Minister for Climate and Environment, Espen Barth Eide said on the occasion of the signing of the agreement.

“Indonesia has become a global leader in reducing deforestation”, said Minister Eide. – “Thanks to a comprehensive set of policies implemented by the Indonesian government, deforestation is now being reported at a 20-year low. This has global significance for our fight against climate change and provides an invaluable contribution to conserving biodiversity.”

Net Sink By 2030

This first results-based contribution is for independently verified emission reductions of 11.2-million tons from Indonesia’s reduced deforestation and forest degradation in the forest year 2016/2017.

In line with the MoU, further contributions will be delivered by Norway for a portion of the emission reductions achieved in subsequent years as these results are reported and verified.

Both partners have agreed to an MRV Protocol that outlines principles for measurement, reporting and verification, and robust social and environmental safeguards.

Indonesia’s FOLU Net Sink 2030 Operational Plan outlines Indonesia’s ambitions for the forestry and land use sector to become a net sink (“climate positive”) by more than 140-million tons CO2 by the end of this decade, through reducing emissions from deforestation, forest degradation and carbon-rich peatlands as well as absorbing more carbon through the restoration of forests, peatlands and mangroves.

Transparent Funding Mechanisms

During the signing, Ambassador Rut Krüger Giverin underlined that Indonesia’s policy and regulatory framework for reducing emissions from forestry and other land use sector, which Norway’s contribution will further support, is already delivering impressive results.

“We are impressed by the many policy measures taken by the Indonesian government to reduce deforestation. Through our recent MoU and today’s Contribution Agreement we aim at supporting the Government of Indonesia to achieve its climate goals through its FOLU Net Sink 2030 Operational Plan. Norway is proud to support this work through flexible and transparent funding mechanisms.”

President Director of the IEF, Djoko Hendratto said that “the contribution agreement encompasses 21-items, among other things, detailing scope and activities, transparency, compliance assurance and dispute resolution. Indonesia has a good governance of financial management adopting international standard which is regulated comprehensively. Therefore, the implementation of the Contribution Agreement is based on Indonesian laws and regulations.”


Latest Article
Govt Allocates More Subsidies for Electric Motorcycles
According to reporting from Antara News, Dadan Kusdian, Indonesia’s Secretary General of the Ministry...
Netherlands Consider Easier Visas for Indonesians
Citing Antara News, Tempo is reporting that Indonesia and the Netherlands discussed strengthening consular...
Ministry to Implement KRIS at 3,060 Hospitals by 2025
Indonesia’s Health Ministry is targeting to get more than 3,000 national hospitals to implement...
Hospital-based Specialist Doctor Program Launched
Speaking at the launch of a hospital-based specialist doctor program on Monday (6/5/24,) Indonesia’s...
Indonesia Anticipates Prabowo’s Cabinet
Prabowo Subianto and Gibran Rakabuming Raka will be sworn in as the country’s new president and vice...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.