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Jakarta Post

Norway to soon disburse $30m of $1b forestry fund

  • The Jakarta Post

Jakarta   /   Sat, August 21 2010   /  11:13 am

Norway has agreed to start the implementation of a bilateral climate deal worth US$1 billion by disbursing an initial fund worth $30 million in September, a senior official says.

“The initial fund will be disbursed next month through the UN-REDD program,” Forestry Ministry Director General of Production Forest Development Hadi Daryanto told The Jakarta Post on Friday at his
office.

The UN’s reducing emissions from deforestation and forest degradation (REDD) program had been agreed on as an interim financial institution for the Indonesia-Norway climate deal in a two-day meeting held from Aug. 18 to 19.

The Indonesian delegation was led by Presidential Work Unit for Development Monitoring and Control ( UKP4 ) chairman Kuntoro Mangkusubroto and the Norwegian delegation by Eivind S. Homme, Norway’s ambassador to Indonesia.

Hadi said the UN-REDD program...