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View all search resultsNorway, the major donor to the Amazon Fund, said the initiative for backing forest protection had been reactivated now that Brazilian President Luiz Inacio Lula da Silva was back in office and vowing to halt deforestation.
Indonesia and Norway have signed a contribution agreement (CA) following the bilateral Memorandum of Understanding (MoU) on emission reduction in the forestry sector, kickstarting the delivery of Norway’s first contribution worth US$56 million to support Jakarta’s effort in reaching its carbon sink goal.
Protecting trees is key to meeting climate goals but environmentalists blame Indonesia -- home to the world's third-largest rainforest area -- for a deforestation free-for-all by allowing companies to clear land for new plantations.
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