BIOFIN Indonesia facilitates a strategic partnership at national level under a broader environmental finance programme, hosted by the Ministry of Finance. Other key organisations involved include the Ministry of Environment, the national Planning Agency (BAPPENAS) and Kehati, a national conservation fund. Through the umbrella programme, BIOFIN builds on earlier and ongoing work related to climate finance, including the tagging of climate change mitigation expenditures, and cooperates with related initiatives such as UN-REDD, UN PEI, WWF and WAVES.
BIOFIN activities in Indonesia
The activities of BIOFIN in Indonesia have the aim to increase resources allocated towards biodiversity management and are implemented under an umbrella programme for Environmental Finance, hosted by the Ministry of Finance. BIOFIN activities in Indonesia follow as:
1. Biodiversity Finance Policy and Institutional Review (PIR)
Through this process, the national BIOFIN Team maps the impact of economic sectors on biodiversity, identifies the main financing mechanisms being used and reviews which subsidies have an impact on biodiversity. The PIR also reviews the overall financing architecture for biodiversity in the country and generates specific recommendations for an improved institutional framework.
2. Biodiversity Expenditure Review
Through the Biodiversity Expenditure Review, the national BIOFIN team assesses which expenditures national stakeholders incur towards biodiversity, from both national and international resources, including the public and private sector. This helps the country generate national level expenditure data on biodiversity.
3. Biodiversity Finance Needs Assessment
Detailed calculations will be made to find out how much it would cost to complete all activities and reach all goals of the National Biodiversity Action Plan.
4. Biodiversity Finance Plan
Under this component BIOFIN will develop a strategy to mobilize potential finance actors and finance mechanisms to raise revenue for biodiversity and ecosystem services conservation.
Status: To start in 2015
5. Implementing the Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.
Status: To start in 2015
Information about the country and partnerships
Indonesia's 17,000 islands are home to a high variety of species, including many endemic types, making it one of the 17 mega-biodiverse countries in the world. No other country in the world has more mammal species than Indonesia; over 650. Remaining populations of iconic species, such as the Javan Rhino, the Orangutan and the Sumatran Tiger depend on conservation efforts for their survival. Over 500 protected areas cover around 15% of the land and 5% of all marine areas. Forests cover 60% of all land, the 3rd largest forest area of any country, although deforestation rates are among the highest in the world.