Norway will provide up to $1 billion to Indonesia to help reduce deforestation and forest degradation, reports The Jakarta Post.
Agus Purnomo, head of the secretariat of Indonesia’s National Climate Change Council, told the newspaper that the deal will be signed on May 27 and funds may start flowing as early as this year.
The agreement comes two years after Norway pledged $1 billion to Brazil for reducing Amazon deforestation. Norway has also committed funds to Guyana, Tanzania, and six Congo Basin countries under its International Climate and Forest Initiative, which allocates 3 billion krone per year to forest conservation, mostly in the tropics.
Indonesian President Susilo Bambang Yudhoyono last year said the country would cut emissions 26 percent from projected levels by 2020, and up to 41 percent if industrialized countries contribute funds. More than 80 percent of Indonesia’s emissions result from deforestation and degradation of carbon-rich ecosystems like peatlands, acccording to data from the World Resources Institute.
Norway’s contribution will go towards the additional 15 percent figure, according to Purnomo.
“We will not cheat the public, the pledge from Norway will not be used to meet Indonesia’s target to cut 26 percent of emissions,” Purnomo told the The Jakarta Post.
“We are still in the first phase of discussions. We have not determined the projects [of the 70 programs] that will be funded by the Norway government,” he said, referring to the 70 programs developed by the Indonesian government that could reduce up to 2 billion tons of emissions.
(11/09/2009) Norway will provide up to $250 million to Guyana as part of the South American country’s effort to avoid emissions from deforestation.
(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.