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Indonesian Jokowi urges developed countries to commit to climate finance targets | WKZO | All Kalamazoo

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By Gayatri Suroyo and Stanley Widianto

BEBATU, Indonesia (Reuters) Indonesia urges developed countries to pledge to honor pledge to provide finance to poorest countries to reduce greenhouse gas emissions at United Nations climate conference this month, President Joko Widodo said on Tuesday.

Rich countries missed the target of raising $ 100 billion a year to support developing countries in their climate action plans, which experts say could shatter confidence at the COP26 conference on October 31 and November 12 in the Scottish city of Glasgow.

It is impossible if we do not get financial assistance. If we don’t have the technology, it’s also difficult, the president, known as Jokowi, told Reuters on Tuesday after planting a patch of mangrove in the village of Bebatu on the island of Borneo.

Indonesia, the eighth largest emitter of greenhouse gases in the world, has pledged to cut carbon emissions to 29% from the status quo through its own efforts, but with the help of funding international and technology transfer, she thinks she could increase the reduction to 41%.

The country earlier this year put forward its long-term goal of achieving carbon neutrality by 2060 or earlier, starting in 2070 initially, which includes plans to phase out the use of coal-fired power plants.

Jokowi said Indonesia wants to invest in renewable projects to capitalize on its potential in hydropower, geothermal, wind, solar and marine, which will require billions of dollars in funding.

A government study has shown that the Southeast Asian country needs $ 150-200 billion a year in investments in low-carbon programs over the next nine years to meet its goal of net zero emissions .

It’s a big job. He needs investment, he needs technology, Jokowi said, adding that he didn’t just want to talk at COP26.

Indonesia has also launched a program to restore 600,000 hectares of mangrove forest over the next three years to absorb carbon emissions, Jokowi said.

The president said Indonesia will also foster sustainable economic growth when it takes over the G20 presidency in December, alongside a uniform economic recovery from the COVID-19 pandemic.

We want to fight so that poor countries, developing countries, vulnerable groups get back on their feet and are not left behind by developed countries, he said.

(Reporting by Gayatri Suroyo and Stanley Widianto; editing by Nick Macfie)

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