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View all search resultsIndonesia 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.
The government has disputed the recently published scientific research that claimed the area lost to forest and peatland fires in 2019 was larger than official estimates, a move which activists said highlighted the government’s lack of openness toward data gathered from independent studies.
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.
Exports of Indonesian wood products totaled US$11.6 billion in 2019, a 4 percent drop from the previous year due to declining demand caused by the ongoing United States-China trade war and the weak competitiveness of local products. Industry players, however, are upbeat entering 2020 thanks to policy reforms.
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