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 Weather icon 26°C
DKI Jakarta, Indonesia
26°C Light Rain

Rain until tomorrow morning, starting again tomorrow afternoon.

  • Thu

    26℃ - 31℃

  • Fri

    26℃ - 32℃

  • Sat

    27℃ - 32℃

  • Sun

    26℃ - 30℃

UN climate fund allocates US$500 million for forest recovery

  • Adisti Sukma Sawitri

    The Jakarta Post

Bonn | Tue, November 14, 2017 | 12:55 pm
UN climate fund allocates US$500 million for forest recovery Participants walk past the UN Climate Change Secretariat's booth at the venue of COP23 in Bonn on Nov. 13 (The Jakarta Post/Adisti Sukma Sawitri)

A global fund set under United Nations Framework Convention on Climate Change (UNFCCC) has allocated US$500 million for countries to fund their forest recovery and preservation programs. 

German Secretary of State Jochen Flasbarth said countries that reduced emissions from deforestation and forest degradation (REDD) programs could access the financing from the Green Climate Fund (GCF) through a payment mechanism in which the nations will be paid based on the results of their programs.

“We should stop deforestation,” he said on the sidelines of COP23 climate conference.

The GCF is the global fund set under the UNFCCC to finance climate actions in countries that try to reduce the impacts of climate change. Germany is among the largest donors in the financing scheme.

Nur Masripatin, Indonesia’s national focal point at the UNFCCC, welcomed the funding initiative as it would help countries in which the main climate actions are focused on forestry, like Indonesia.

“This good news. But we have yet to access the funding since we can’t produce results-based reports from our REDD programs,” she said.  

Nur said the government was working to prepare the mechanisms that would be able to measure achievements of the country’s REDD programs to be able to access various forms of climate funding.

Join the discussions