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Jakarta Post

Indonesia, Norway to set up ocean trust fund

  • Rendi A. Witular

    The Jakarta Post

Jakarta   /   Fri, October 6, 2017   /  09:15 am
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Indonesia has accepted a proposal from Norway for the latter to form an ocean trust fund, the first of its kind, to support developing countries in conserving ocean environments and implementing sustainable fisheries. In a meeting between Maritime Affairs and Fisheries Minister Susi Pudjiastuti and Norwegian Minister of Environment and Climate Change Vidar Helgesen on the sidelines of the fourth Our Ocean Conference (OCC) on Wednesday, Indonesia expected that the planned fund could accelerate attempts to better protect its oceans. “Norway already has a commitment for such a fund for the forestry sector. Now we’re exploring whether they can also provide a similar commitment for ocean conservation, which would cover far bigger areas than forest,” Susi said. While details of the planned fund remain sketchy, Indonesia projected that it would be more or less similar...