262
A. P. Sari et al.
Conclusion
Peatland restoration is one of the effective land-based emissions reduction activities in
Indonesia, and therefore, to achieve better peatland restoration performance notably
in avoiding CO 2 emission release, better restoration planning, and proper restoration
actions on the ground are required. Financing peatland restoration is often perceived
as low hanging fruit investment opportunity due to its cost-effectiveness on a per ton
basis.
BRG is mandated to coordinate and facilitate the restoration of 2.5 Mha in seven
provinces during the period of 2016–2020. Substantial financial investment is needed
to realize the vast area of BRG’s restoration target. Hence, efforts have been done
to develop innovative financial instruments apart from just rely on a limited state
budget. A blended innovative financing that involves bond and ecosystem services
is considered as an effective way of addressing financing peatland restoration in
Indonesia.
References
Agus F, Hairiah K, Mulyani (2011) Measuring carbon stock in peat soils: practical guidelines,
World Agroforestry Centre (ICRAF) Southeast Asia Regional Program, Indonesian Centre for
Agricultural Land Resources and Development. 60p
Agus F (2015) Degradation and sustainable management of peat soils in Indonesia. https://www.
naro.affrc.go.jp/archive/niaes/marco/marco2015/text/ws3-8_f_agus.pdf
Alika R (2018) Jadi pionir penerbit green sukuk di Asia, Indonesia Raup US$3 Miliar (Pioneering
the Issuance of Green Sukuk in Asia, Indonesia raised US$3 billion), Katadata (Feburary 26,
2018)
Beat MH (2016) Indonesia seeks foreign funds to aid peat restoration drive (Mongabay, 26
Sept 2016), https://news.mongabay.com/2016/09/indonesia-seeks-foreign-funds-to-aid-peat-res
toration-drive/
BRG (2016) op cit
CBI (Climate Bond Initiative) (2019) 2018 Green bond market summary (January 2019)
CBI (2017) Green bond pricing in the primary market: latest climate bonds analysis for Q2 2017
(9 Nov 2017)
CBI (2018a) Green bonds policy: highlights from Q1-Q2 2018
CBI (2018b) Sovereign green bonds briefing (Mar 2018)
Chief of BRG (Badan Restorasi Gambut, the Peat Restoration)
Dohong A, Azis AA, Dargusch P (2017a) A review of the drivers of tropical peatland degradation
in South-East Asia. Land Use Policy 69:349–360
Dohong A (2017) Bolstering Peatlands restoration in Indonesia through 3Rs Approach, presented at
the Workshop on Developing International Collaborations to Address Fire and Other Conservation
Issues in Central Kalimantan, Indonesia (October 18, 2017)
Dohong A, Cassiophea L, Sutikno S, Triadi BL, Wirada F, Rengganis P, Sigalingging L
(2017b) Modul Pelatihan: Pembangunan Infrastruktur Pembasahan Gambut Sekat Kanal Berbasis
Masyarakat. Badan Restorasi Gambut Republik Indonesia, Jakarta
Dunkley E (2018) Indonesia issues world’s first green sukuk bond. Financial Times (23 Feb 2018)
https://www.ft.com/content/e38ea51c-184c-11e8-9376-4a6390addb44
A. P. Sari et al.
Conclusion
Peatland restoration is one of the effective land-based emissions reduction activities in
Indonesia, and therefore, to achieve better peatland restoration performance notably
in avoiding CO 2 emission release, better restoration planning, and proper restoration
actions on the ground are required. Financing peatland restoration is often perceived
as low hanging fruit investment opportunity due to its cost-effectiveness on a per ton
basis.
BRG is mandated to coordinate and facilitate the restoration of 2.5 Mha in seven
provinces during the period of 2016–2020. Substantial financial investment is needed
to realize the vast area of BRG’s restoration target. Hence, efforts have been done
to develop innovative financial instruments apart from just rely on a limited state
budget. A blended innovative financing that involves bond and ecosystem services
is considered as an effective way of addressing financing peatland restoration in
Indonesia.
References
Agus F, Hairiah K, Mulyani (2011) Measuring carbon stock in peat soils: practical guidelines,
World Agroforestry Centre (ICRAF) Southeast Asia Regional Program, Indonesian Centre for
Agricultural Land Resources and Development. 60p
Agus F (2015) Degradation and sustainable management of peat soils in Indonesia. https://www.
naro.affrc.go.jp/archive/niaes/marco/marco2015/text/ws3-8_f_agus.pdf
Alika R (2018) Jadi pionir penerbit green sukuk di Asia, Indonesia Raup US$3 Miliar (Pioneering
the Issuance of Green Sukuk in Asia, Indonesia raised US$3 billion), Katadata (Feburary 26,
2018)
Beat MH (2016) Indonesia seeks foreign funds to aid peat restoration drive (Mongabay, 26
Sept 2016), https://news.mongabay.com/2016/09/indonesia-seeks-foreign-funds-to-aid-peat-res
toration-drive/
BRG (2016) op cit
CBI (Climate Bond Initiative) (2019) 2018 Green bond market summary (January 2019)
CBI (2017) Green bond pricing in the primary market: latest climate bonds analysis for Q2 2017
(9 Nov 2017)
CBI (2018a) Green bonds policy: highlights from Q1-Q2 2018
CBI (2018b) Sovereign green bonds briefing (Mar 2018)
Chief of BRG (Badan Restorasi Gambut, the Peat Restoration)
Dohong A, Azis AA, Dargusch P (2017a) A review of the drivers of tropical peatland degradation
in South-East Asia. Land Use Policy 69:349–360
Dohong A (2017) Bolstering Peatlands restoration in Indonesia through 3Rs Approach, presented at
the Workshop on Developing International Collaborations to Address Fire and Other Conservation
Issues in Central Kalimantan, Indonesia (October 18, 2017)
Dohong A, Cassiophea L, Sutikno S, Triadi BL, Wirada F, Rengganis P, Sigalingging L
(2017b) Modul Pelatihan: Pembangunan Infrastruktur Pembasahan Gambut Sekat Kanal Berbasis
Masyarakat. Badan Restorasi Gambut Republik Indonesia, Jakarta
Dunkley E (2018) Indonesia issues world’s first green sukuk bond. Financial Times (23 Feb 2018)
https://www.ft.com/content/e38ea51c-184c-11e8-9376-4a6390addb44