Governance

 

In accordance with the principles of the Jakarta Commitment (2008), the ICCTF will be nationally managed. This is important to mention, as Indonesia was one of the first countries worldwide to create a national trust fund on climate change.

The legal basis for the establishment of the ICCTF is the Minister of National Development Plan/Chairman of the National Development Planning Agency (Bappenas) Decree No. 44/M.PPN/09/2009 which establishes the ICCTF as a national trust fund.

ICCTF operated from 2010-14 under the cooperation framework between Bappenas and United Nations Development Programme (UNDP) called Preparatory Arrangements for the Indonesia Climate Change Trust Fund (PREP-ICCTF) project.

In the process of preparing ICCTF as a national trust fund, the Steering Committee (SC) has assigned UNDP, in accordance with its role as Interim Trustee, to select a new Fund Manager as mentioned in the Project Document PREP-ICCTF.

Furthermore, the Presidential Regulation No. 80 year 2011 on Trust Funds states that the GoI is able to manage grants for achieving thematic objectives of national development priorities by establishing a Trust Fund.

The regulation also states that the Trust Fund is managed by Lembaga Wali Amanat (LWA), which is established by the Minister of National Development Planning/Head of the National Development Planning Agency, upon the counsel of/with the Minister of Finance.

Hence, the Minister of National Development Planning/Head of the National Development Planning Agency issued Ministerial Regulation No. 3 year 2013 on establishment of Lembaga Wali Amanat ICCTF and updated through new ministerial regulation (Permen)decree kepmen KEP 97/M.PPN/HK/10/2014.No.10/2014.  According to PERPRES 80/2011 on Trust Fund and PERMEN Bappenas No.3/2013 on LWA-ICCTF, the ICCTF national trust fund consists of a Board of Trustees (MWA) and a Fund Manager (PDA).

 
 
 
 
 

The ICCTF is the only national trust fund of its kind in Indonesia that is equipped with a governmental mandate. As the ICCTF enters a new phase as a self-managed national trust fund, the ICCTF will capitalize on its important role as a gateway for climate finance in Indonesia, with a special focus on NAMAs. 

In this process, the ICCTF sophisticates robust procedures, including bylaws and SOPs that create trust and confidence with its partners and funders by streamlining administration, reducing bureaucracy, fostering timely project implementation, offering cost effective fund management, as well as transparent decision making which includes reporting and auditing.

Overall, the ICCTF promotes an engaging and participatory approach with its stakeholders to attract funding for meaningful projects that support the mainstreaming of climate finance in Indonesia.  

If you like to learn more about ICCTF's governance structure, please contact us at [email protected]

 

 
 
 
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Additional Resources:

- Regulatory Status

 
 

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The Indonesian Climate Change Trust Fund is a non-profit organization as defined by Indonesian rules and regulations.

ICCTF Secretariat
Wisma Bakrie II, 20th Floor
Jl. HR. Rasuna Said Kav. B-2, Jakarta-Selatan, Indonesia
Phone: (62 21) 5794 5760 | Facsimile: (62 21) 5794 5759
Email: [email protected]

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