Indonesia has received a grant of IDR 514 billion (GBP 27.2 million, or USD 33.5 million) from the United Kingdom to execute the second phase of the Low Carbon Development Initiative (LCDI) toward green economy adoption. The National Development Planning (PPN) Ministry received the grant after signing a technical agreement with the British Foreign Commonwealth and Development Office (UK-FCDO) in Jakarta.
The PPN Minister expressed the hope that the bilateral collaboration would amplify Indonesia’s commitment to promoting and adopting a green economy in accordance with one of the agendas outlined in the 2025–2045 National Long-term Development Plan (RPJPN). The collaboration is also aimed at paving the way for the realization of the net-zero emissions target by 2060 or sooner.
The minister also expressed optimism that the LCDI grant would be helpful to realize sustainable economic growth in Indonesia. He then extended his appreciation to the British government for its continuous support of the LCDI program.
Meanwhile, the British Minister of State for the Indo-Pacific noted that the rapid and significant development of Indonesia’s economy and innovation has provided Indonesia and the UK with more cooperation opportunities. Both countries could continue exploring cooperation opportunities, including in the field of science and technology.
(Source: BritCham Indonesia)