The ICCTF is a key instrument of the GOI in achieving its mitigation and adaptation targets, supporting both RAN/RAD-GRK as well as RAN-API implementation. Through leveraging and channeling of domestic resources and international funds into projects aligned with Indonesia’s RAN/RAD-GRK implementation plan, the ICCTF supports Indonesia’s 26% / 41% emission reduction target.
The ICCTF is the only national trust fund dedicated to climate finance in Indonesia equipped with a governmental mandate.
Financial Management and Monitoring and Evaluation are core services of the ICCTF. Based on past successful records of accomplishment in managing complex and innovative projects, the ICCTF will continue to advance its business model to increase private sector participation and leverage public and development partner funds in order to scale up mitigation and adaptation activities.
Strategic relevance: Piloting of managerial and technological innovations that foster the mainstreaming of climate relevant projects, programs and activities.
Multi-stakeholder engagement: Multi-stakeholder involvement (International development partners, Private Sector, Civil Society,
line ministries and local governments) in project funding, management and evaluation based on participatory approaches to build consensus in achieving set project outcomes.
Direct link with National Target: ICCTF is the only trust fund dedicated to support the achievement of National mitigation targets (RAN-GRK) and Adaptation (RAN-API)
Inclusiveness: International development partners, governmental officials, private sector, CSO and academia are all represented in the Board of Trustees. The Board of Trustees, the highest governing body, approves strategic directions, projects and other important decisions.
Triggering and scaling up initiatives: Channeling and coordination institution for internationally and domestically supported projects related to RAN/RAD-GRK & RAN-API, entrusted to leveraging public funds with private and international development partner funds into scalable high quality & cost effective projects.
Climate policy support to foster private sector investments in climate financed projects: supporting the coordination between private sector interests and public policy objectives thereby fostering application of de-risking public policy tools and instruments that provide investors greater certainty when making their investment decisions.