Indonesia launches fund management agency to tackle climate change, environmental issues

Source: Xinhua| 2019-10-10 00:58:08|Editor: yan
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JAKARTA, Oct. 9 (Xinhua) -- The Indonesian government launched here on Wednesday an agency called Environment Fund Management Body tasked to manage environmental funds in addressing climate change and environmental issues.

The agency supervised by the financial ministry is expected to professionally manage the environmental funds so as to assure effectiveness of activities to protect the environment, reducing carbon emissions.

"The agency would apply accountable and transparent principles in its operation. It applies international environment fund management standards," Indonesian Coordinating Minister for the Economic Affairs Darmin Nasution said in his remarks to address the agency's launching event.

The chief economic minister expected the agency would coordinate with partners and other parties, including domestic and foreign donators to assure optimum use of relevant funds to finance activities aimed at addressing environment protection as well as reducing impacts of climate change and carbon emission.

On the same occasion, Environment and Forestry Minister Siti Nurbaya said, "The agency would further concrete our Paris Agreement moves. The agency will give systematic financing to control and handle activities to reduce climate change and carbon emission."