|
About | Contact | Mongabay on Facebook | Mongabay on Twitter | Free newsletter |
|
|
Indonesia gets first $30M from Norway under $1B forest deal mongabay.com August 19, 2010
The fund will go towards Phase I of the partnership, which include "the establishment of an Indonesian REDD+ agency, development of a comprehensive national REDD+ strategy, implementation of an interim funding instrument, development of a monitoring, reporting and verification (MRV) framework, selection of a pilot province and the implementation of 2-year moratorium for new concessions on natural forests and peatland, commencing in 2011," according to the Indonesian government.
Supporters of the Indonesia-Norway partnership on REDD+ say it could shift Indonesia's development model away from one that consumes forests to one that protects forests. Detractors are concerned the money will be lost to corruption—as has been the case with Indonesia's existing reforestation fund, which has lost more than $6B over the past 20 years—or used to subsidize large-scale conversion of natural forests to industrial timber and oil palm plantations. The Indonesian government says the national REDD+ strategy "will be designed through an inclusive multistakeholder process." "It will not only focus on addressing all significant drivers of deforestation, forest degradation and peatland conversion, but will also aim to implement low carbon economic growth strategies and will contain all necessary financial safeguards as well as environmental and social safeguards to protect communities and biodiversity," read a statement issued by President Susilo Bambang Yudhoyono's Climate Change Council. "Norway will contribute to the financing of the policy and program infrastructure which will eventually generate revenue based on demonstrated [greenhouse gas emissions] abatement." Indonesia has committed to reducing emissions by up to 41 percent from a projected 2020 baseline provided it recieve international assistance in the form of technical and financial support. Deforestation, forest degradation, and peatlands drainage and conversion is the source of about 80 percent of the country's emissions.
Related articles
Tags: indonesia norway redd avoided deforestation carbon finance global warming mitigation forest carbon green environment environmental economics payments for environmental services payments for ecosystem services ecosystem finance ecosystem services payments happy-upbeat environmental Environmental news index | RSS | News Feed | Twitter | Home Advertisements:
|
|
|
DON'T LIKE ADS? Become a mongabay supporter WEEKLY NEWSLETTER RECENT FEATURES
POPULAR PAGES Photos
CALENDARS 
BOOKS BY MONGABAY AUTHORS
FREE WEEKLY NEWSLETTER 
HIGH RESOLUTION PHOTOS / PRINTS 
|
| | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(06/14/2010) Late last year Indonesia made global headlines with a bold pledge to reduce deforestation, which claimed nearly 28 million hectares (108,000 square miles) of forest between 1990 and 2005 and is the source of about 80 percent of the country's greenhouse gas emissions. President Susilo Bambang Yudhoyono said Indonesia would voluntarily cut emissions 26 percent — and up to 41 percent with sufficient international support — from a projected baseline by 2020. Last month, Indonesia began to finally detail its plan, which includes a two-year moratorium on new forestry concession on rainforest lands and peat swamps and will be supported over the next five years by a one billion dollar contribution by Norway, under the Scandinavian nation's International Climate and Forests Initiative. In an interview with mongabay.com, Agus Purnomo and Yani Saloh of Indonesia's National Climate Change Council to the President discussed the new forest program and Norway's billion dollar commitment.
(03/19/2009) While citizens in western countries have long paid lip service to saving rainforests, Norway has quietly emerged as the largest and most important international force in tropical forest conservation. The small Scandinavian country has committed 3 billion krone ($440 million) a year to the effort, a figure vastly greater than the $100M pledged — but never fully contributed — by the United States under the Tropical Forest Conservation Act (TFCA). Norway now hopes it can help push to include forest conservation in the successor to the Kyoto Protocol by providing funding and fostering cooperation among international actors like the UN and World Bank, as well as developing countries, to fund the creation of an international architecture which makes it possible to incorporate deforestation and degradation into a post-2012 climate regime.
|
Copyright mongabay 2010 Carbon dioxide (CO2) emissions generated from mongabay.com operations (server, data transfer, travel) are mitigated through an association with Anthrotect, an organization working with Afro-indigenous and Embera communities to protect forests in Colombia's Darien region. Anthrotect is protecting the habitat of mongabay's mascot: the scale-crested pygmy tyrant. |
