Speaking at a dinner hosted by the Indonesian government during the recent Green Climate Fund Board meeting in Bali, Mr. Bambang Brodjonegoro, the Vice Minister of Finance, stated:
‘During this Board Meeting in Bali, Indonesia announces its pledge to contribute to the Fund. Indonesia also stands ready if all countries are required to contribute for the capital base of the Fund. I am hoping this contribution can support the Fund’s activities in helping developing countries to prepare and finance emissions reduction and adaptation programs, including capacity building programs under the South-South Cooperation that replicate the success stories of climate change programmes in other countries. I do hope other more capable countries can consider making pledges, or adding to their pledges, or making an indication of their pledges during this Bali meeting.’
The significance of this announcement should not be underestimated. It signals the readiness of a major developing country to provide voluntary support for South-South Cooperation on climate change through the Green Climate Fund (GCF).