LCDI Funds Serve as Alternative Scheme for Energy Transition

The UK government provides US$32.8 million in grants under the Low Carbon Development Initiative (LCDI) phase II scheme. The grant is to support the achievement of Indonesia's zero carbon emission target by 2060 or sooner.

The UK Minister of State for Indo-Pacific Anne-Marie Trevelyan said the grant will complement the UK's international financial mobilization to address the climate emergency. "We see the LCDI as the backbone of Indonesia's green economic growth and our bilateral cooperation on climate issues," she said on Oct 2.

National Development Planning Agency's (Bappenas) Director of Poverty Reduction and Social Welfare Vivi Yulaswati said Indonesia planned to develop LCDI financing outside the state and regional budgets by involving domestic and global private parties.

LCDI phase II will involve the governments of West Java, Central Java, Riau Islands, Papua, West Nusa Tenggara, Bengkulu, Maluku, North Sumatra, South Sulawesi, and Bali. "To jointly build and maintain the earth's condition so that green growth can be realized," he said.