The International Finance Corporation (IFC) has offered Indonesia’s palm oil and rice milling industries energy efficiency projects that could enable them to cut energy costs by 30% and reduce CO2 emissions to be cashed under the United Nations Framework Convention on Climate Change (UNFCCC) scheme. The IFC will provide technical expertise on energy efficiency and cooperate with other banks to arrange financing for the projects. The IFC also has targeted to arrange a total financing of $35 million by banks for the development of the energy programs.
Source: The Jakarta Post, 14 April, p.2
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