JAKARTA, Oct. 24 (China News) -- The Indonesian government will proceed the Bali road map by setting up a climate change trust fund for global warming mitigation, an official said.
We plan to pool all grants and loans for climate change provided by donors into the trust fund, Basah Hernowo, the Indonesian Development Planning Board (Bappenas)'s director of forestry and water resource conservation, was quoted on Friday by the Jakarta Post daily as saying.
Currently, the most financial aid from donors goes directly to the sectors it is aimed at. And the trust fund would disburse the money to the relevant ministries or institutions working for the mitigation and adaptation to climate change.
We hope to launch the trust fund before a climate change conference in Poland in December, he said.
Several nations have pledged to provide grants and loans to Indonesia, a country with the third highest level of carbon emissions in the world.
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