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View all search resultsAn ongoing report by environmental groups suggests that the banking and financial services sector should be liable for deforestation, as they continue to provide services to clients driving massive fires that raze swathes of land and tropical forest cover in countries like Indonesia.
Indonesia is set to receive a US$56 million grant from Norway as the first payment for the former’s success in reducing deforestation and carbon emissions under the Reducing Emissions from Deforestation and Forest Degradation (REDD+) cooperation scheme.
It is unfortunate that many companies still follow the old principles of business, focused on boosting production in various industries to make commodity exchange faster and faster, and relying on an old and tired recipe for economic growth.
Villagers in Basawang commonly work as coconut sugar farmers, while villagers of the surrounding area in Katingan regency and East Kotawaringin regency make a living by selling green coconut, copra (dried coconut meat) or by illegal logging.
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