Indonesia, Norway Ink Deal to Reward Rainforest Protection
Oslo will now reward Indonesia with “results-based contributions” for cutting deforestation and emissions.
JAKARTA, KOMPAS.com \- Indonesia and Norway signed a deal Monday, Sept. 12, to reward deforestation reduction months after the collapse of a similar $1-billion agreement that was part of a UN-backed global initiative criticized for its ineffectiveness. 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 plantations. Jakarta has made some progress by reducing the rate of primary forest loss for five straight years up to 2021, accordi...