TheJakartaPost
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The agreement barely stood, little more than a paper tiger, as Indonesia lacked infrastructure, technology and monitoring tools at that time to deliver a measured path to reach the targeted emissions reduction.
The government has secured US$124.1 million from the United Nations’ Green Climate Fund (GCF) and the Norwegian government through the results-based payment of Reducing Emissions from Deforestation and Forest Degradation (REDD+) initiative, the fruits of a decade of efforts to curb deforestation and carbon emissions.
Indonesia is set to receive a US$56 million grant from Norway in the first payment for the country’s success in reducing deforestation and carbon emissions under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) cooperation scheme.
Shrinking forest cover over the last 30 years presents a clear and present danger to biodiversity, a recent review of the state of the world’s forests has found, even though the rate of deforestation has slowed in the past five years.
