Country:Indonesia
Year:2012
Policy status:In Force
Jurisdiction:National
Date Effective:2012
Policy Type:Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Policy Support>Institutional creation, Policy Support
Policy Target:Energy Sector>Distribution/Storage, Energy Sector>Electricity Generation>Renewable, Energy Sector>Energy Efficiency / Demand Reduction, Framework/ Multi-sectoral Policy
URL:http://www.adb.org/news/indonesias-energy-sector-gets-400m-global-climate-funds
Description:

The Clean Technology Fund (CTF) aims to accelerate Indonesian initiatives to promote energy efficiency and renewable energy, and to help reach the objective of increasing electricity access from 65 percent of the population to 90% percent by 2020. The $400 million plan, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform Indonesia's use of renewable energy and ultimately support the government to meet its long-term goal of reducing greenhouse gas emissions by 26% in 2020.

The plan will use co-financing from the multilateral CTF to expand large-scale geothermal power plants and to accelerate initiatives to promote energy efficiency and renewable energy by creating risk-sharing facilities and addressing financing barriers to small- and medium-scale investments. Under the Indonesia plan, the CTF is slated to mobilize an additional $2.7 billion from a range of other sources.

Last modified: Fri, 26 Aug 2016 17:04:13 CEST