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Jakarta Post

Norway pledges $1b for carbon cut

  • Adianto P. Simamora

    The Jakarta Post

Jakarta   /   Mon, May 17 2010   /  10:11 am

The government is upbeat it can reach its target to slice carbon emissions from forests after Norway pledged US$1 billion in grants to help Indonesia reduce forest degradation.The financial pledge on climate change was made during a meeting between senior officials from the two countries in Oslo, last week.“The cooperation convinces us that there will be international funding if we reduce emissions from forest and peatland areas,” the special assistant to President Susilo Bambang Yudhoyono on climate change issues, Agus Purnomo, told The Jakarta Post on Sunday.Agus, who represented the Indonesian government at the Oslo meeting, said that Norway was the first country that had shown a commitment to help finance to reduce emissions in the forestry sector.Countries such as Australia and Germany currently provide money to run pilot projects on the reducing emissions from deforestation and...