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Jakarta Post

Reaping rewards: Indonesia to receive payment from Norway for forest conservation

  • A. Muh. Ibnu Aqil
    A. Muh. Ibnu Aqil

    The Jakarta Post

Jakarta   /   Thu, June 4, 2020   /  02:58 pm
The Jakarta Post Image
Picturesque: A mangrove forest grows adjacent to the Graha Indah residential area in Balikpapan, East Kalimantan.(JP/Muthi Kautsar)

Indonesia is set to receive payment from Norway for successes in reducing deforestation and carbon emissions. The Indonesian Environment and Forestry Ministry announced late last month the country was set to receive a US$56 million grant from Norway as the first payment under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) cooperation scheme. The grant is to be handed over in June, coinciding with the commemoration of a decade of climate funding cooperation, in which Indonesia expects to receive a total of $1 billion for protecting its tropical forests.  The money will be paid in installments based on Indonesia’s success in reducing greenhouse gas emissions from deforestation and forest degradation below the ten-year average established from 2006 to 2016. The annual emissions during that period were estimated to be 237 million tons of carbon d...