British Ambassador to Indonesia Owen Jenkins checks out the Indonesia Pavilion at the Environment and Forestry Ministry in Jakarta on November 4,2021 (Picture Thanks To the British Embassy in Jakarta)
BY: JAYANTY NADA SHOFA
NOVEMBER 05, 2021
Jakarta. The British Embassy in Jakarta recently revealed a new ₤350 million– or about $470 million– collaboration between the UK and Indonesia in climate financial investment.
” The UK appreciates and is grateful for our enduring cooperation with Indonesia, and we want to sustain this over the coming years, not least through the new ₤350 million program we revealed today,” British Ambassador to Indonesia Owen Jenkins stated in a declaration on Friday.
” We want to support Indonesia’s objectives and top priorities, including its ambition to be a global leader in promoting legal and accountable sell products that can put forests at risk,” Owen said, while also applauding Indonesia’s declining logging rates.
According to the embassy’s advancement director Amanda McLoughlin, the ₤350 million financial investment will support Indonesia in reaching net carbon sink in the forestry and land utilize sector by 2030.
” We anticipate working closely with Minister Siti and her group from today onwards to establish a real collaboration that shows our shared interests and goals,” Amanda said.
Indonesia and the UK are entering its 20 th year of cooperation in forest and land usage.
The Indonesia-UK partnership seeks ways to support trade and incomes, while likewise protecting the environment within the context of sustainable advancement, according to the British Embassy.
The UK-funded Multistakeholder Forest Partnership (MFP) program has actually changed Indonesia’s wood trade with the establishment of the lumber legality verification system (SLVK). Far, Indonesia is the first and only country in the world to qualify for preferential access to EU markets worth $1 billion a year and UK markets worth ₤200 million a year.
The state profits from forests and legal trade volumes have increased 10 times over given that the system was put in place– revealing that it is benefiting Indonesian people, the British Embassy reported.
Indonesia has likewise chosen to extend the MFP job until at least March2023 This will pave the way for the country to explore the verification of other farming commodities.Other alternatives for broadening trade, while securing the environment, are being followed up.
Indonesia and the UK are also working closely together as co-chairs of the Forests, Agriculture and Commodities Trade (FACT) Discussion, in assistance of the global sell sustainable commodities.
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