Glembert
KN. Indonesia will require $757.6 billion in climate financing by 2035 to meet its climate-action commitments under the Enhanced and Secondary Nationally Determined Contribution (NDC), highlighting a major funding gap as current climate spending accounts for only 3 percent of the state budget, the government said. National Development Planning Minister Rachmat Pambudy presented the figure during an event in Jakarta, noting that climate-related allocations remain modest compared with the magnitude of the country’s decarbonization and adaptation objectives.
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