JAKARTA: Australia allocates US$45 million to finance Indonesias climate change agenda. The commonwealth promised to assign US$599 million as a way to show their support on Indonesia efforts to act on climate change and to open the opportunity to build cooperation between the two countries on reducing emissions from deforestation and forest degradation (REDD+).As cited on an official statement sent to Bisnis, Australian Foreign Minister Kevin Rudd said," reducing emissions from deforestation and forest degradationwhich accounts for 18% of global emissions and more than 60% of Indonesia's total emissions in 2005 is critical to achieving a global outcome on climate change."Then about US$30 million from the total fund will be extended to support both countries' projects in Kalimantan on reducing emission while accelerating their joint work on Indonesias National Carbon Accounting System, which will take for about US$100 million from the Australias total support for the REDD+. The remining US$15 million is expected to support Indonesias efforts to acclimatize the climate change and to enlarge the understanding on the impacts of it and support the improvement and realization of local responses on the adaptation.Greg Combet, Australias Minister of Climate Change and Energy Efficiency, during the United Nations Climate Change negotiations in Cancun said that it is important to develop a national carbon accounting system as a way to provide credible evidence of emissions reductions. (T05/NOM)
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