WB gives $3.6m for REDD+
The Jakarta Post, Jakarta | Thu, 06/23/2011 4:58 PM
The government says its accepted US$3.6 million in grants for its REDD+ programs from the World Bank's Forest Carbon Partnership Facility.
Forestry Minister Zulkifli Hasan said after the launch of the facility on Thursday that Indonesia would use the money to meet a target to reduce its greenhouse gas emissions by 26 percent by 2020.
Zulkifli said the funds would be disbursed over three years starting this month.
Indonesia previously received a similar $1-billion grant from Norway.
REDD+ programs (Reducing Emissions from Deforestation and Degradation) encourage conservation, the sustainable management of forests and enhancement of forest carbon stocks in exchange of the incentives.
