Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video 25°C
DKI Jakarta, Indonesia
25°C Drizzle

Light rain later this morning and this afternoon.

  • Sat

    25℃ - 32℃

  • Sun

    25℃ - 31℃

  • Mon

    27℃ - 31℃

  • Tue

    27℃ - 31℃

WB donates $3.6m to reduce carbon

Fri, June 24 2011 | 08:00 am

JAKARTA: Indonesia’s Forestry Ministry has received a US$3.6 million grant from the World Bank to reduce greenhouse gas emissions by 26 percent by 2020 while maintaining economic growth, according to the World Bank.

The funds have been granted through the Forest Carbon Partnership Facility to Indonesia’s Forestry Ministry to analyze causes of deforestation, consult and reach out to stakeholders and build the capacity of institutions and stakeholders involved in implementing the reducing emissions from deforestation and degradation (REDD) protocols.

“Indonesia is among the first of the forested, tropical countries to receive support from the Forest Carbon Partnership Facility, showing that it is committed to meeting its target of reducing greenhouse gases – especially from deforestation and forest degradation,” Stefan Koeberle, the World Bank director for Indonesia, said in a press statement released on Thursday.

Forest Carbon Partnership Facility donors include the Agence Française de Développement (France), Australia, Denmark, Finland, Germany, Japan, the Netherlands, Norway, Spain, Switzerland, the United Kingdom and the United States.

“What happens with Indonesia’s forests will be critical for the future of global REDD efforts and forest carbon markets. Indonesia is already leading the way and setting an example for other countries to follow,” Koeberle added. — JP

NEWS PULSE

TRY A DIGITAL SUBSCRIPTION

Join the discussions

0 Comments

Posting as Guest