Indonesia Urges Developed Countries to Fund 'Climate Change Loss' Funding of Developing Countries

TEMPO.CO, Dubai - Indonesia on Friday urged developed countries to fulfill their pledge to fund the efforts of developing countries to overcome social, economic, and environmental losses and damage caused by climate change.

"Including historical responsibility that must be fulfilled and the funding must be new and additional, predictable, and accessible," the United Nations Framework Convention on Climate Change (UNFCCC) National Focal Point for Indonesia, Laksmi Dhewanthi, said on Friday, December 1, 2023.

She added that climate change loss and damage funding for developing countries has been discussed for several years, but the mechanism was only agreed upon at COP27 in Sharm el-Sheikh, Egypt, in November 2022.

Although it has been a year since the funding scheme was agreed upon, developing countries and small islands have not received any funds.

At the opening of the 28th Conference of the Parties (COP28) of the UNFCCC on November 30, 2023, in Dubai, several countries expressed their commitment to disburse the loss and damage funds.

The United Arab Emirates and Germany expressed a commitment to provide US$100 million, the United Kingdom 60 million pounds, and the United States US$17.5 million, but this still waiting for congressional approval.

Meanwhile, Japan expressed its willingness to provide US$10 million and the European Union US$225 million.

Dhewanthi said that Indonesia is striving to expand its access to funding sources, and it does not want to wait.

"We have an unconditional target of (cutting emissions) by 31.89 percent with our own capabilities (by 2030). If we get international support, we will cut it by 43.2 percent. Indonesia will try to mobilize climate change financing domestically, too," she added.

In addition, she stressed that Indonesia has continued to call for a balance between mitigation and adaptation efforts in funding climate change-fueled losses.

ANTARA

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