Indonesia Implementation Support for Carbon Pricing Instruments (WB-P177773)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Indonesia
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Pipeline
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Indonesia
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Grant Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 9, 2024

Disclosed by Bank Dec 21, 2021

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Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank's website, the project seeks to "assist the Government of Indonesia's in the development, piloting and implementation of domestic carbon pricing instruments." The project is expected to result in the following:
1. Informing discussion on the national carbon pricing policy mix with technical assessments and international best practices;
2. Designing options for national emission trading system (ETS) and domestic GHG crediting/offset program;
3. Enhancing human and institutional capacity, and piloting activities to support operationalization of the ETS and domestic offset program.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The World Bank classified the project E&S risks as 'Moderate'.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

According to the project disclosure published by the World Bank, the funding consists of a US$ 5.00 million grant from the Partnership for Market Implementation Facility.

The Partnership for Market Implementation (PMI) assists countries to design, pilot, and implement pricing instruments aligned with their development priorities. A 10-year program with a capitalization target of US$250 million, the Partnership brings an ambitious and long-term vision for the viability of carbon markets to its support for programs and policies - across jurisdictions and sectors - that introduce a strong price signal on carbon emissions and contribute to the Paris Agreement goal of limiting temperature rise to 1.5°C.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Marcos Xavier Castro Rodriguez
Senior Environmental Specialist, World Bank
Tel: 5781+3218 /

Habib Nasser Rab
Land Economist, World Bank
Tel: 5781+3077 /

Andre Rodrigues de Aquino, Senior Environmental Specialist, World Bank
Tel: 5220+32238 /

 

Dida Gardera
Assistant Deputy for Agro, Pharmacy, and Tourism, Coordinating Ministry for Economic Affairs
Tel: 6221-3500901
gardera@ekon.go.id

 

Wahyu Marjaka
Director of Sectoral and Regional Resource Mobilization, Ministry of Environment and Forestry
Tel: 6221-858-0110
wmarjaka@menlhk.go.id

 

Kus Prisetiahadi
Assiatant Deputy for Climate Change and Disaster Management, Coordinating Ministry for Maritime and Investment
Tel: 622123951100
kus.prisetiahadi@maritim.go.id

 

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works