CHM - ORTThe implementation of IBSAP requires approximately IDR 75.53 trillion per year (USD 5 billion), of which 13% can only be allocated by the government. Therefore, contributions from national and international financial institutions and private sectors are required to bridge the funding gap. National Target 19 (NT 19) can be measured through the achievement of two indicators and implemented through five action groups.
The parties who involved in achieving NT 19 include relevant ministries/agencies, the Ministry of Finance (Kemenkeu), the Ministry of National Development Planning (Bappenas), the Ministry of Environment (KLH/BPLH), the Ministry of Forestry (Kemenhut), the Ministry of Marine Affairs and Fisheries (KKP), the Ministry of Agriculture (Kementan), the Ministry of State-Owned Enterprises (Kementerian BUMN), the Ministry of Home Affairs (Kemendagri), Local Governments (Provincial and City/Regency), private sectors, and non-state actors.
19.1. Strengthening institutional frameworks and policy instruments to enhance biodiversity-related financial flows;
19.2. Increasing international financial support for biodiversity management;
19.3. Increasing domestic financing and government expenditure for biodiversity management;
19.4. Developing innovative financing solutions, including private-sector engagement, blended finance mechanisms, and market-based financial instruments; and
19.5. Enhancing the efficiency, effectiveness, and transparency of biodiversity
finance disbursement.
| Global Targets | Degree of Alignment |
GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international finance GBF-T19. Financial resources increased to $200 billion per year, including $ 30 billion through international financeSubstantially and progressively increase the level of financial resources from all sources, in an effective, timely and easily accessible manner, including domestic, international, public and private resources, in accordance with Article 20 of the Convention, to implement national biodiversity strategies and action plans, by 2030 mobilizing at least 200 billion United States dollars per year, including by:
(a) Increasing total biodiversity related international financial resources from developed countries, including official development assistance, and from countries that voluntarily assume obligations of developed country Parties, to developing countries, in particular the least developed countries and small island developing States, as well as countries with economies in transition, to at least US$ 20 billion per year by 2025, and to at least US$ 30 billion per year by 2030;
(b) Significantly increasing domestic resource mobilization, facilitated by the preparation and implementation of national biodiversity finance plans or similar instruments according to national needs, priorities and circumstances;
(c) Leveraging private finance, promoting blended finance, implementing strategies for raising new and additional resources, and encouraging the private sector to invest in biodiversity, including through impact funds and other instruments;
(d) Stimulating innovative schemes such as payment for ecosystem services, green bonds, biodiversity offsets and credits, benefit-sharing mechanisms, with environmental and social safeguards;
(e) Optimizing co-benefits and synergies of finance targeting the biodiversity and climate crises;
(f) Enhancing the role of collective actions, including by indigenous peoples and local communities, Mother Earth centric actions[1] and non-market-based approaches including community based natural resource management and civil society cooperation and solidarity aimed at the conservation of biodiversity;
(g) Enhancing the effectiveness, efficiency and transparency of resource provision and use.
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[1] Mother Earth-centric actions: Ecocentric and rights-based approach enabling the implementation of actions towards harmonic and complementary relationships between peoples and nature, promoting the continuity of all living beings and their communities and ensuring the non-commodification of environmental functions of Mother Earth. | Medium |
The implementation of the target consistently be guided by the vision, mission, and principles outlined in the Indonesia Biodiversity Strategy and Action Plan (IBSAP) and National Long Term Development Plan (RPJP), which broadly align with all components of Section C of the KMGBF.
Some of the target elements have been covered. Although the timeline of Indonesia to achieve the target is 2045 according to National Long Term Development Plan, instead of 2030 as outlined in the KMGBF targets.
Indonesia requires further regulations, capacity building, and financial resources related to the implementation of this target