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.
They invest in projects and programs with environmental and social benefits without compromising quality, client focus and accountability
Their Fund Management team manages funds that invest in sustainable mitigation and adaptation projects. Learn more about their Fund Management.
Their Project Management team provides project cycle management expertise - from initiating project ideas over implementation and subsequent monitoring and evaluation. Learn more about their Project Management.
They share their experiences. The ICCTF fulfills an important public objective by catalyzing investments in innovative impact projects. Learn more about their projects and lesson learnt.
ICCTF’s Vision statement
"As Indonesia’s national trust fund, ICCTF will be recognized nationally and internationally as a premiere climate financing portal.”
It is this vision that captures the need for both a scaling up of project activities as much as it directs attention to a new focus on the development of projects that involve stakeholders from the international development partner, public, private, academia and CSO community. This inclusive approach demands active participation in project planning and implementation in order to increase efficiency and effectiveness of climate fund spending.
ICCTF’s Mission statement
Through the development of partnerships with governmental institutions, development partners and private sector,
ICCTF’s mission are to:
contribute to efficient and effective actions in GHG emissions reduction and increasing resilience of the country aligned with sustainable development principles.
mobilize, allocate and manage funds that are invested in projects and programs compliant with national and international fiduciary standards
This mission is intrinsically linked with ICCTF’s role as a climate finance intermediary to develop both awareness for climate finance while ensuring sound climate policy to stimulate market demand. It evidences its focus on compliance with standards and procedures that enhance effectiveness and efficiency in all its operations. As a national trust fund, the ICCTF applies valuable lessons learned to inform policymakers, empower vulnerable populations and stimulate investments in projects to mainstream climate activities throughout Indonesia.
Where is Indonesia Climate Change Trust Fund (ICCTF)