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INDONESIA TO RECEIVE NORWEGIAN FUNDING TO PRESERVE RAINFORESTS

02/25/2019

Nearly a decade after Indonesia and Norway signed an agreement to preserve Indonesia's rainforests, Indonesia is ready to receive funding from Norway for reducing its carbon dioxide emissions from deforestation in 2017. The agreement, which was signed by both countries under the REDD+ (reducing emissions from deforestation and forest degradation) mechanism in 2010, is divided into phases, with the first two phases focusing on changes in national legislation and frameworks to stop deforestation and the third phase triggering the payment of funding when the countries manage to reduce deforestation. Because Indonesia managed to reduce emissions from deforestation in 2017, the third phase of the agreement has been triggered, and the countries must now agree on the amount of the first payment. For the full story, see https://news.mongabay.com/2019/02/indonesia-to-get-first-payment-from-no....